AUD/JPY Approaching Support, Prepare For A Bounce!

AUD/JPY is approaching support at 81.91 (61.8% Fibonacci extension, 61.8% Fibonacci retracement x2, horizontal overlap support) where we expect price to bounce up to its resistance at 82.85 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is testing its support at 2.3% where a corresponding bounce could occur.

AUD/JPY is approaching its support where a bounce is expected.

Buy above 81.91. Stop loss at 81.39. Take profit at 82.85.

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