FX.co ★ AUD/JPY profit target reached, time to turn bullish

Price has dropped perfectly to our profit target. We now turn bullish above major support at 84.64 (Fibonacci retracement, horizontal support, Fibonacci projection) for a push up to 85.70 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) shows major support at 14%.

Buy above 84.64. Set stop loss at 84.14 and take profit at 85.70.