FXCM

AUDJPY testing 1st resistance , further drop expected

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is approaching our 1st resistance at 78.598, in line with our 78.6% fib extension and trendline resistance, where we could see a potential reversal towards our first support target where the 61.8% fib retracement is. Stochastics is also signaling that the price could reverse further from recent resistance level .
Trade closed: target reached
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thank you
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