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Klimex
Jan 10, 2019 1:57 AM

AUDJPY Reversed Off Resistance, Potential For A Further Drop Short

Australian Dollar/Japanese YenFXCM

Description

AUDJPY reversed off its resistance at 78.59 (38.2% & 61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop further to its support at 75.60 (38.2% Fibonacci retracement ).

Stochastic (55, 5, 3) is reversed off its resistance at 98% where a further drop could occur.
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