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ICmarkets
Aug 16, 2018 3:35 AM

USDJPY Approaching Resistance, Potential Reversal! Short

Australian Dollar/Japanese YenFXCM

Description


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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