FX.co ★ AUD/JPY is bouncing up nicely, remain bullish

The price is bouncing up nicely above major support at 85.60 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we look to buy on weakness at this level for a bounce to at least 86.97 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing strong support above 7% which stochastic is fast approaching.

Buy above 85.60. Stop loss is at 84.88. Take profit is at 86.97.