AUDJPY approaching resistance, potential reversal!
AUDJPY is approaching our first resistance at 82.37 (61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong reversal might occur below this level pushing price down to our major support at 81.66 (horizontal pullback support).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding reversal in price.
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 reversal in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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