AUDJPY approaching resistance, potential drop!

2018년 8월 23일

AUDJPY is approaching our first resistance at 81.93 (horizontal overlap resistance, 61.8% Fibonacci extension, 50%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 80.23 (horizontal swing low support, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our major resistance where we might see a corresponding drop in price should it react off this level.
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