AUD/JPY profit target reached absolutely perfectly, prepare to sell

The price has shot up from our buying area and reached our profit target absolutely perfectly. We prepare to sell on major resistance at 88.76 (Multiple Fibonacci retracements, horizontal swing high resistance, Fibonacci extension) for a push down to at least 87.92 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,3,1) is seeing major resistance at 98% where we expect a corresponding drop from.

Sell below 88.76. Stop loss is at 89.38. Take profit is at 87.92.


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