AUDJPY approaching resistance, potential drop!

2 ก.ค. 2018

AUDJPY is approaching our first resistance at 82.72 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 80.58 (horizontal swing low support).
Stochastic (55,5,3) is approaching its resistance and a reaction off this level might see a corresponding drop in price should it react off this level.
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