AUD/JPY Technical Analysis. The perfect example of Fibonacci.

As you can see everything is going as bears planning. The price is moving very harmonic between fibo extensions and retracement levels. However, there is a very strong support level, which would be crucial for the pair. This is the level of 72.00. If sellers manage to go below this level, 127,20% of fibo extension would be my first target, as the price seems to "respect" it.