AUDJPY Testing Resistance, Potential For A Drop!
AUDJPY is testing its resistance at 84.47 (50$ Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could drop to its support at 81.30 (horizontal swing low support). We do have to be cautious of the intermediate support at 82.74 (50% Fibonacci retracement, horizontal overlap support).
Stochastic ( 89, 5, 3) is testing its resistance at 97% where a corresponding reaction could occur.
Stochastic ( 89, 5, 3) is testing its resistance at 97% where a corresponding reaction could occur.
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