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

The price has reached our profit target once again. We prepare to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing resistance at 95% where we expect a corresponding drop similar to the one we're expecting on price.

Sell below 87.74. Stop loss is at 88.06. Take profit is at 86.48.