AUD/JPY Approaching Resistance, Prepare For Reversal

AUD/JPY is approaching its resistance at 78.24 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 78.59 (61.8% Fibonacci retracement).

Stochastic (55, 5, 3) is nearing its resistance at 98% where a corresponding reversal is anticipated.

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

Sell below 79.24. Stop loss at 79.81. Take profit at 78.59.


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