FX.co ★ AUD/JPY testing strong resistance, remain bearish

The price is testing major resistance at 89.11 (Fibonacci extension, swing high resistance) and we expect to see a reaction off this level for a drop to at least 87.52 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) has started dropping from our 98% resistance nicely.

Sell below 89.11. Stop loss is at 87.52. Take profit is at 89.61.