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MEX_Exchange

AUDJPY remain bearish as price tests our selling area

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
MEX_Exchange  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud jpy audjpyshort audjpylong audjpysell audjpydaily Forex forexsignals
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5
trendanalysis harmonicpatterns chartpattern audjpy aud jpy audjpyshort audjpylong audjpysell audjpydaily forex forexsignals
Sell below 88.76. Stop loss at 89.38. Take profit at 87.92.
Reason for the trading strategy (technically):
Price continues to test our selling area. We remain bearish looking to sell below major resistance at 88.76 (Multiple Fibonacci retracements, horizontal swing high resistance, Fibonacci extension) for a push down to at least 87.92 support (Fibonacci retracement, horizontal overlap support).
Stochastic (55,3,1) is seeing major resistance at 98% and turning down nicely with good downside potential.

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