FX.co ★ AUD/JPY faces major support, time to buy

The price is right above the major support at 79.02 (Fibonacci retracement, Fibonacci projection, horizontal pullback support) where we expect a bounce and a push up to the 79.98 level.

RSI (55) is at the pullback support signalling a bounce is impending from here.

Buy above 79.02. Set stop loss at 78.53 and take profit at 79.98.