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AUDJPY approaching resistance, potential drop!

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
easyMarkets Broker  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns AUDJPY aud audjpylong audjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern audjpy aud audjpylong audjpyshort forex forextrading forexsignals
AUDJPY is approaching our first resistance at 80.71 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 78.44 (100% Fibonacci extension, 76.4% Fibonacci retracement).
RSI is also facing bearish pressure from its descending resistance line and a reaction below this level might see a corresponding drop in price.
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