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Short

AUDJPY approaching resistance, potential drop!

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is approaching our first resistance at 78.84 (horizontal pullback resistance, 161.8% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 75.94 (38.2% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching our first resistance and we are seeing a bearish divergence where we might see a corresponding drop in price.
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