FX.co ★ AUD/JPY profit target reached perfectly, remain bearish for a further drop

The price has dropped perfectly from our selling area and has reached our profit target. We remain bearish looking to sell below 88.15 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 87.52 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support).

RSI (34) sees long term resistance holding price momentum down which helps us keep our bearish bias.

Sell below 88.15. Stop loss is at 88.60. Take profit is at 87.52.