AUD/JPY Approaching Resistance, Prepare For Reversal

AUD/JPY is approaching its resistance at 81.82 (61.8% Fibonacci extension x2, 61.8%, 50% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 80.59 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

AUD/JPY is approaching its resistance where we expect to see a reversal.

Sell below 81.82. Stop loss at 82.51. Take profit at 80.59.

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