AUDJPY facing pressure from 1st resistance, further drop expected !
Price is facing bearish pressure from the first resistance level, in line with 61.8% fib retracement and horizontal swing high where we could see a drop to our support level where the 38.2% fib retracement is. Ichimoku is also showing that limited pushup is possible before any reversal.
Reason for Entry:
61.8% fib retracement and horizontal swing high
Take Profit :76.94
Reason for Take Profit:
38.2% fib retracement
Stop Loss: 77.93
Reason for Stop loss:
Horizontal swing high
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