Previous Story
AUD/JPY Approaching Resistance, Prepare For A Reversal
Posted On 29 Dec 2018
Comment: 0
AUD/JPY is approaching its resistance at 78.69 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 77.62 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.
AUD/JPY is approaching its resistance where we expect to see a reversal.
Sell below 78.69. Stop loss 79.39. Take profit at 77.62.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: AUD/JPY Approaching Resistance, Prepare For A Reversal