easyMarkets
Short

AUDJPY approaching resistance, potential drop!

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY is approaching our first resistance at 79.01 (horizontal pullback resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong drop might occur to our major support at 78.39 (horizontal swing low support, 50% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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