AUD/JPY Testing Support, Prepare For Bounce
AUD/JPY is approaching its support at 79.18 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 80.68 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce is expected.
AUD/JPY is testing its support where we expect to see a bounce.
Buy above 79.18. Stop loss at 78.45. Take profit at 80.68.