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

The AUD/JPY pair has dropped and reached our profit target perfectly once again. Currently we are looking for buying opportunities above strong support at 85.07 (Fibonacci retracement, horizontal overlap support, bullish candlestick reversal) for a push up to 85.91.

Stochastic (21,5,3) is approaching support at 10%.

Buy above 85.07. Set stop loss at 84.76 and take profit at 85.91.