AUDJPY approaching major resistance, prepare for a potential dro

٢٢ مايو ٢٠١٨

AUDJPY is rising strongly and approaching major 1st resistance at 84.81 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 82.96 (Fibonacci retracement, Fibonacci extension).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.

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