FX.co ★ AUD/JPY profit target reached, time to start selling

Price has shot up from our buying area and reached our profit target perfectly. We now prepare to sell below 83.63 resistance (Fibonacci retracement, horizontal overlap resistance, Elliott wave theory) for a drop towards 82.82 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory).

Stochastic (34,5,3) is seeing major resistance below the 92% level where we expect a drop from.

Sell below 83.63. Stop loss at 84.12. Take profit at 82.82.