FX.co ★ AUD/JPY Bounced Nicely Off Its Support, Remain Bullish

The price bounced off its support at 81.975 (50% Fibonacci retracement, 38.2% Fibonacci retracement) where we expect to see a further rise to its next resistance at 82.590 (50% Fibonacci retracement, multiple swings high resistance).

Stochastic (34, 5, 3) made a corresponding bounce off its support at 5.7% where it still has a lot of upside potential.

Buy above 81.975. Stop loss at 81.670. Take profit at 82.590.