“AUDJPY approaching resistance, potential drop!” by trader easyMarkets — published September 12, 2018 — TradingView

AUDJPY             is approaching our first resistance at 80.64 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement , 61.8%, 100% Fibonacci extension , bearish channel resistance) and a strong drop might occur below this level pushing price down to our major support at 78.37 ( bearish channel support, 100% Fibonacci extension , 76.4% Fibonacci retracement ).
Stochastic (89) is also approaching resistance a reaction off this level might see a corresponding drop in price.
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