AUDJPY testing resistance, potential drop!
AUDJPY broke out of our support at 80.61 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.53 (horizontal pullback support, 100% Fibonacci extension, 78.6% Fibonacci retracement).
RSI (34) is also seeing a bearish exit 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
RSI (34) is also seeing a bearish exit 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
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