FX.co ★ AUD/JPY Approaching Resistance, Prepare For A Reversal

AUD/JPY is approaching its resistance at 82.23 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 82.23 (50% Fibonacci retracement, horizontal swing low support).

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

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

Sell below 83.03. Stop loss 83.99. Take profit at 82.23.