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FX.co ★ AUD/JPY: Turn bullish above major support

AUD/JPY: Turn bullish above major support

We turn bullish above major support at 86.07 (Fibonacci retracement, Fibonacci extension) for a bounce up to 86.94 resistance (Fibonacci retracement, swing high resistance).

Stochastic (55,5,3) is seeing strong support above the 8% level where we hope to see a bounce from.

Buy above 86.07. Stop loss is at 85.72. Take profit is at 86.94.

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AUD/JPY: Turn bullish above major support

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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