AUDJPY is facing bullish pressure, potential for more upside!
AUDJPY is currently facing pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% and 78.6% level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our horizontal swing high resistance and it coincides with the 61.8% . If prices were to fall, then it might reach our the 2nd which coincides with our pullback support as well as the 78.6% .