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

Price touched our buying area and shot up perfectly to our profit target. We prepare to sell below 89.25 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 87.91 support (Fibonacci retracement, horizontal overlap support)

RSI (34) sees horizontal resistance at 64% and we expect a reaction off this level to push price down correspondingly.

Sell below 89.25. Stop loss at 89.67. Take profit at 87.91.