AUDJPY is approaching our first resistance at 78.94 (horizontal pullback resistance, 23.6% fibonacci retracement, 61.8%, 100% fibonacci extension, Elliot wave structure) and a strong drop might occur below this level pushing price down to our major support at 75.81 (100% fibonacci extension, elliot wave structure). RSI (55) is seeing a bearish exit and might see a corresoding dro in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.