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AUDJPY approaching resistance, potential drop!

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Dollar Australia / Yen Jepang (FX:AUDJPY)  
easyMarkets Broker  
FX:AUDJPY   Dollar Australia / Yen Jepang
Harmonic Patterns Trend Analysis Chart Patterns AUDJPY aud jpy audjpylong audjpyshort Forex forextrading forexsignals
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harmonicpatterns trendanalysis chartpattern audjpy aud jpy audjpylong audjpyshort forex forextrading forexsignals
AUDJPY is approaching our first resistance at 80.64 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension, bearish channel resistance) and a strong drop might occur below this level pushing price down to our major support at 78.37 (bearish channel support, 100% Fibonacci extension, 76.4% Fibonacci retracement).
Stochastic (89) is also approaching resistance a reaction off this level might see a corresponding drop in price.
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