FX.co ★ AUD/JPY reaches profit target, remain bullish

Price shot up and reached our profit target. We now remain bullish above 85.04 major support (Fibonacci retracement, Fibonacci projection, horizontal swing low support) for a push up to at least 85.70 as we try to make the most out of the range between these levels for more profits.

Stochastic (21,5,3) is seeing strong support above the 9% level.

Buy above 85.04. Set stop loss at 84.59 and take profit at 85.70.