AUDJPY is testing our 1st resistance at 76.44 where the horizontal overlap resistance and 50% fib retracement are. Price could touch 1st resistance and drop from there. Ichimoku also indicates that further downside will come.
Trading Recommendation
Entry: 76.44
Reason for Entry:
horizontal overlap resistance and 50% fib retracement
Take Profit: 76.06
Reason for Take Profit:
Horizontal swing low
Stop Loss: 76.76
Reason for Stop Loss:
Horizontal swing high resistance
