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Australian Dollar / Japanese Yen
Short

USDJPY Approaching Resistance, Potential Reversal!

By ICmarkets
Broker

AUDJPY is approaching its resistance at 80.79(61.8% & 100% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at (61.8% Fibonacci extension).
RSI (89, 5, 3) has broken out of its ascending line where we a further drop could occur.
audAUDJPYaudjpyshortChart PatternsForexforexsignalsHarmonic PatternsjpyTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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