FX.co ★ AUD/JPY is testing resistance, remain bearish

We remain bearish below 86.52 resistance (Fibonacci projection, Fibonacci retracement) for a drop to 85.63 first (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing a nice reaction off our 94% resistance level.

Sell below 86.52. Stop loss is at 86.75. Take profit is at 85.63.