Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

AUD/JPY Approaching Resistance, Prepare For A Reversal!

August 18, 2018 Analytics

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AUD/JPY is approaching its resistance at 80.79 (61.8% Fibonacci extension, 23.6% Fibonacci retracement x2, horizontal overlap resistance) where it is expected to reverse down to its support at 79.65 (100% Fibonacci extension).

Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

AUD/JPY is approaching its resistance where we expect to see a reversal.

Sell below 80.79. Stop loss 81.41. Take profit at 79.65.

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

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