FX.co ★ AUD/JPY profit target reached perfectly, prepare to turn bearish

The price has reached our profit target perfectly from yesterday. We prepare to turn bearish below 86.72 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to 85.89 support (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) sees strong resistance below the 95% level.

Sell below 86.72. Stop loss is at 85.98. Take profit is at 87.10.