FX.co ★ Daily Video Analysis: AUDJPY approaching resistance, potential drop!

Today we take a look at AUDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. AUDJPY is approaching resistance at Sell Entry, which is in line with horizontal swing high resistance and 61.8% Fibonacci retracement. We could see a reversal here and pullback to Take Profit, in line with 100% Fibonacci extension and ascending trendline support. Stochastics is also showing possible signs of further bearish pressure.