AUDJPY Approaching Resistance, Prepare For A Reversal
AUDJPY is approaching its resistance at 76.01 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 75.34(horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results