FX.co ★ AUD/JPY right above support, remain bullish

We remain bullish above the 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is bouncing nicely above the strong support at 5.5%.

Buy above 85.34. Stop loss at 84.97. Take profit at 86.08.