AUDJPY reversing from 1st resistance , further drop expected !

Price is facing bearish pressure from our 1st resistance, where we could see a further drop towards 1st support. Ichimoku is also indicating more bearishness to come .

Trading Recommendation

Entry: 75.90

Reason for Entry:

38% fib retracement

Take Profit :75.65

Reason for Take Profit: Horizontal swing low

Stop Loss: 76.03

Reason for Stop loss:

61.8% fib retracement