ICmarkets

AUDJPY Approaching Resistance, Potential For A Reversal!

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is approaching its resistance at 80.79 (61.8% Fibonacci extension, 23.6% Fibonacci retracement x2, horizontal overlap resistance) where it could reverse down to its support at 79.65 (100% Fibonacci extension).
Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.

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