FX.co ★ AUDJPY approaching 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: 76.25

Reason for Entry:

61.8% fib retracement, horizontal swing high

Take Profit :75.65

Reason for Take Profit: Horizontal swing low ,61.8% fib retracement

Stop Loss: 76.67

Reason for Stop loss:

horizontal swing high