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AUDJPY Approaching Resistance, Potential Reversal

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
ICmarkets Broker  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpylong audjpyshort Forex forextrading forexsignal
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trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpylong audjpyshort forex forextrading forexsignal
Reason for the trading strategy (technically):
AUDJPY is approaching its resistance at 78.79 (61.8% & 23.6%Fibonacci retracement, horizontal pullback resistance) where it may reverse down to its support at 75.82 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal may occur.
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