AUDJPY approaching resistance, potential drop!
AUDJPY is approaching our first resistance at 82.39 (horizontal swing high resistance, 76.4% fiboancci retracement, 100%, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 81.44 (Horizontal swing low support, 61.8% fiboancci extension, 78.6% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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 and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.