FX.co ★ AUD/JPY Approaching Support, Prepare For Bounce

AUD/JPY is approaching its support at 79.18 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 80.60 (61.8% Fibonacci retracement, horizontal pullback resistance).

Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce could occur.

AUD/JPY is approaching its support where we expect to see a bounce.

Buy above 79.18. Stop loss at 78.28. Take profit at 80.60.