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FX.co ★ AUD/JPY right above support, remain bullish

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Forex Analysis:::2017-02-09T16:02:01

AUD/JPY right above support, remain bullish

We remain bullish above the 85.34 support (Fibonacci projection, horizontal support) for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is bouncing nicely above the strong support at 5.5%.

Buy above 85.34. Stop loss at 84.97. Take profit at 86.08.

AUD/JPY right above support, remain bullish

Analyst InstaForex
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