FX.co ★ AUD/JPY remains bullish above strong support

We remain bullish above 86.17 support (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 87.17 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (55,5,3) is seeing strong support above the 10% level where we hope to see a further bounce from.

Buy above 86.17. Stop loss is at 85.80. Take profit is at 87.17.