FX.co ★ AUD/JPY testing major resistance, remain bearish

The price continues to test our major resistance area at 88.09 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and we remain bearish looking for a drop towards the 86.69 support (Fibonacci retracement, horizontal support).

Stochastic (55,3,1) is seeing major resistance at 99% and is starting to drop nicely.

Sell below 88.09. Stop loss at 88.71. Take profit at 86.69.