AUDJPY Approaching Resistance, Lookout For a Reversal
Price is approaching its major resistance at 82.504(100% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect a reversal, pushing price down to its support at 81.479 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) sees resistance at 98% where we expect a corresponding reversal.
Stochastic (89, 5, 3) sees resistance at 98% where we expect a corresponding reversal.