AUD/JPY approaching major support, prepare to buy

Price is approaching major support at 85.60 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we look to buy on weakness at this level for a bounce to at least 86.97 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing strong support above 7% which stochastic is fast approaching.

Buy above 85.60. Stop loss at 84.88. Take profit at 86.97.


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