AUD/JPY dropping perfectly as expected, remain bullish for a further drop
The price has reached our selling area and reacted off it perfectly. We remain bearish looking to sell on strength below major resistance at 88.26 (Fibonacci extension, Elliott wave theory) for a continued drop to at least 87.27 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) has started dropping from our 98% resistance nicely. Correlation […]