AUDJPY testing 1st resistance , further drop expected !

Name: AUDJPY testing 1st resistance , further drop expected !
Uploaded: 2020-12-21T22:45:51.902382
Channel: FXCM
Description: AUDJPY is approaching our 1st resistance at 78.598, in line with our 78.6% fib extension and trendline resistance, where we could see a potential reversal towards our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level .

Short

Australian Dollar / Japanese Yen (FX:AUDJPY)

Updated

FX:AUDJPY Australian Dollar / Japanese Yen

Trend Analysis Harmonic Patterns Chart Patterns aud jpy AUDJPY forexsignals

trendanalysis harmonicpatterns chartpattern aud jpy audjpy forexsignals

AUDJPY is approaching our 1st resistance at 78.598, in line with our 78.6% fib extension and trendline resistance, where we could see a potential reversal towards our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level .

Trade closed: target reached

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