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FX.co ★ AUD/JPY remain bearish for a further drop

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Forex Analysis:::2016-10-28T01:14:13

AUD/JPY remain bearish for a further drop

We remain bearish below 80.00 resistance (Fibonacci retracement, horizontal resistance) for a push down to 79.40.

RSI (34) is right below major resistance at 61% where we expect a reaction from and has also made a bearish exit.

Sell below 80.00. Stop loss at 80.32. Take profit at 79.40.

AUD/JPY remain bearish for a further drop

Analyst InstaForex
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