AUDJPY Approaching Resistance, Potential Reversal

AUDJPY Approaching Resistance, Potential Reversal

AUDJPY is approaching its resistance at 78.59 (38.2% & 61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 75.60 (38.2% Fibonacci retracement ).

Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.

 

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