AUD/JPY dropping nicely, remain bearish

We remain bearish looking to sell below major resistance at 82.95 (Fibonacci retracement, Fibonacci extension, horizontal resistance) for a push down to at least 82.38 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) sees resistance below the 91% level where we expect a drop from. Correlation analysis: Overall AUD weakness expected today with a drop […]