FX.co ★ AUD/JPY: prepare to buy above the major support

We prepare to turn bullish above the major support at 86.34 (Fibonacci retracement, Fibonacci extension) for a push up to 87.48 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is seeing strong support above our 6% level signaling a bounce is impending.

Buy above 86.34. Stop loss is at 85.92. Take profit is at 87.48.