AUDJPY approaching resistance, potential drop!
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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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