AUD/JPY profit target reached perfectly, prepare to buy above major support

The price has touched our selling area and dropped perfectly as expected. We prepare to buy above major support at 85.45 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 86.44 resistance (Fibonacci retracement, horizontal pullback resistance, descending resistance).

RSI (55) sees an ascending support line holding the bullish momentum in price.

Buy above 85.45. Stop loss is at 85.15. Take profit is at 86.44.


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