FX.co ★ AUD/JPY breaking our as expected, remain bullish

The price has finally made a bullish exit of its triangle formation. We remain bullish looking to buy above support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) and play the breakout from the triangle towards 89.09 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,3,1) is seeing major support above 7% and also sees bullish divergence vs price signaling that a reversal is fast approaching.

Buy above 88.04. Stop loss is at 87.59. Take profit is at 89.09.