AUDJPY reacting below descending trendline resistance. A short term intraday drop below our 1st resistance at 84.587 towards recent swing low and 1st support at 84.138 could be possible. Technical indicators are also showing room for further bearish momentum
Trading Recommendation
Entry: 84.587
Reason for Entry:
61.8% Fibonacci retracement, Descending trendline resistance
Take Profit: 84.138
Reason for Take Profit:
Graphical swing low support
Stop Loss: 84.853
Reason for Stop Loss:
Recent swing high
