AUDJPY is approaching our first resistance at 83.28 (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 81.66 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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