AUD/JPY has dropped absolutely perfectly and reached our profit target from 2 days ago. Now we buy above 83.73 support (Fibonacci retracement, Fibonacci extension, and horizontal support) for a bounce towards 84.91 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is bouncing off nicely from our 5% support signaling a bounce is in action.
Buy above 83.73. Stop loss is at 83.18. Take profit is at 84.91.
from www.instaforex.com
