FX.co ★ AUDJPY testing downside confirmation, further drop expected !

Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support at 77.43 if price breaks below downside confirmation at 77.90. MACD is also indicating more bearishness to come.

Trading Recommendation

Entry: 77.90

Reason for Entry:

Horizontal overlap support

Take Profit :77.43

Reason for Take Profit: Horizontal swing low

Stop Loss: 78.43

Reason for Stop loss:

Horizontal swing high