FX.co ★ AUD/JPY profit target reached perfectly, time to start buying

The price has dropped absolutely perfectly from our selling area and reached our profit target. We prepare to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to at least 88.75 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (31,3,1) is seeing strong support above 2.5% where we expect a bounce from.

Buy above 87.81. Stop loss is at 87.40. Take profit is at 88.75.