AUDJPY approaching resistance, potential drop!

AUDJPY is approaching our first resistance at 80.71 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.74 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
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