AUDJPY retesting 1st resistance, potential to reverse from there

AUDJPY is retesting our 1st resistance at 78.598, in line with our 78.6% fib extension and trendline resistance, where we could see a further drop towards our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level .