FX.co ★ AUD/JPY profit target almost reached, prepare to sell

The price has continued to shoot up as expected towards our profit target. We prepare to sell below major resistance at 85.75 (Fibonacci retracement, horizontal pullback resistance, and Fibonacci extension) for a push down to 84.53 support (Fibonacci retracement, swing high support).

Stochastic (55,5,3) is seeing resistance at 96% level where the price has still a bit of upside to rise before it reaches it.

Sell below 85.75. Stop loss is at 86.51. Take profit is at 84.53.