AUDJPY testing major resistance potential drop!
AUDJPY is testing major resistance at 83.36 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, descending resistance, bearish divergence) and a strong drop could occur from here pushing price down to major support at 82.25 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. We are also seeing bearish divergence vs price signalling that a reversal is impending.
Stochastic (55,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. We are also seeing bearish divergence vs price signalling that a reversal is impending.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.