AUD/JPY bearish move in progress

By | November 18, 2016

We remain bearish below major resistance at 81.91 (Fibonacci retracement, Fibonacci projection, horizontal resistance) for a further drop to 80.27 (Fibonacci retracement, horizontal overlap support, recent swing low support) as the first big level to play to.

RSI (21) is seeing major resistance from 72%.

Sell below 81.91. Stop loss at 82.65. Take profit at 80.27.

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The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex

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