AUDJPY experiencing major resistance, potential upcoming drop!

١٩ يناير ٢٠١٨

Price is now testing major resistance at 89.00 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a potential major reversal could occur at this level to push price down towards 88.43 support (Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.

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