FX.co ★ AUD/JPY remain bearish below major resistance

Price has shot up and reached selling level as expected. We remain bearish below 87.04 resistance (Fibonacci retracement, descending resistance, recent swing high resistance) for a push down to 85.96 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is seeing major resistance below the 97% level.

Sell below 87.04. Stop loss at 87.50. Take profit at 85.96.