FX.co ★ AUD/JPY dropping perfectly as expected, remain bearish for a further drop

The price has reached our selling area and dropped perfectly from there. We remain bearish looking 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 reacting nicely off our 95% resistance.

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