AUD/JPY holding well above our ascending support, remain bullish

Price is seeing strong support above 88.92 (Fibonacci retracement, ascending support) and we expect to see price continue on its bullish trend by making a push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,3,1) is seeing strong support above 5% and we expect a bounce above this level.

Buy above 88.92. Stop loss at 88.50. Take profit at 89.79.


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