AUDJPY testing 1st resistance , further drop expected !

Short

Australian Dollar / Japanese Yen (FX:AUDJPY)

FX:AUDJPY Australian Dollar / Japanese Yen

trendanalysis harmonicpatterns chartpattern aud jpy audjpy forexsignals

AUDJPY is retesting 1st resistance, where the horizontal swing high and 76.4% fib retracement are. Price could reverse further towards our 1st support where the 78% fib extension and 38% fib retracement are. Stochastics is also showing signs of bearishness.

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