AUDJPY approaching resistance, potential drop!

٢٢ يناير ٢٠١٩

AUDJPY is approaching our first resistance at 78.84 (horizontal pullback resistance, 161.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 75.94 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our first resistance and we are seeing a bearish divergence where we might see a corresponding drop in price.
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