AUD/JPY approaching profit target, remain bearish
The price has continued to drop nicely towards our profit target. We remain bearish looking to sell below 88.34 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a further push down to at least 87.65 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing intermediate resistance below 45% where we expect a […]