ICmarkets

USDJPY Approaching Resistance, Potential Reversal!

Short
FX:AUDJPY   Australian Dollar / Japanese Yen

AUDJPY is approaching its resistance at 80.79(61.8% & 100% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at (61.8% Fibonacci extension).
RSI (89, 5, 3) has broken out of its ascending line where we a further drop could occur.

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