We took the rise on the AUD/JPY very well yesterday. Today, we begin to see the major resistance (Fibonacci retracement, horizontal overlap of the resistance) and we expect to see a sharp decrease in this level to push prices down to at least 86.66 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is to see the major resistance at 99%, where we expect a corresponding reaction.
Correlation analysis: We see the commodity weakness with drops expected on AUD/USD, AUD/JPY, and NZD/USD.
Sell below 87.93. Stop loss is at 88.43. Take profit is at 86.66.