AUDJPY is testing our 1st resistance at 76.77 where the horizontal overlap resistance and 61.8% fib retracement are. Price could touch 1st resistance and drop from there. Ichimoku also indicates that further downside will come.
Trading Recommendation
Entry: 76.77
Reason for Entry:
horizontal overlap resistance and 61.8% fib retracement
Take Profit: 76.46
Reason for Take Profit:
Horizontal pullback support
Stop Loss: 77.18
Reason for Stop Loss:
Horizontal swing high resistance
