AUDJPY right on major resistance!

Price is now testing major resistance at 88.04 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to push price down towards 86.20 support (50% Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing major resistance below our 97% level of resistance.

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