AUDJPY testing major resistance potential drop!
AUDJPY is testing major resistance at 83.36 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, descending resistance, bearish divergence) and a strong drop could occur from here pushing price down to major support at 82.25 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. We are also seeing bearish divergence vs price signalling that a reversal is impending.
Stochastic (55,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. We are also seeing bearish divergence vs price signalling that a reversal is impending.
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