AUDJPY approaching resistance, potential drop!
AUDJPY is approaching our first resistance at 83.10 (horizontal swing high resistance, 38.2% Fibonacci retracement) where price might potentially drop to our first support at 82.41 (horizontal swing low support, 61.8% Fibonacci retracement). A breakout below this level might push price down to our second support at 81.17 (horizontal swing low support, 100% Fibonacci extension).
RSI (89) is also seeing a bearish exit in line with our bearish bias.
RSI (89) is also seeing a bearish exit in line with our bearish bias.
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