FX.co ★ AUDJPY facing bearish pressure from resistance, potential reversal

Trading Recommendation

Entry: 74.579

Reason for Entry: 50% fibonacci retracement, 100% fibonacci extension and horizontal pullback resistance

Take Profit: 73.854

Reason for Take Profit: Horizontal swing low support, 76.4% fibonacci retracement

Stop Loss: 75.061

Reason for Take Profit: Horizontal swing high resistance