FX.co ★ AUD/JPY remain bullish as we continue to test support

The price has continued to test our buying area yesterday. We prepare to buy above major support at 86.92 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.61 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a bounce from.

Buy above 86.92. Stop loss is at 86.52. Take profit is at 87.61.