AUD/JPY testing major support, the time to start buying




The price is now testing a major support to 88.52 (Fibonacci retracement, Fibonacci extension, overlapping horizontal support, and bullish divergence) and we expect to see a rebound above this level to push the price 89.66 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,3,1), it is to see the support of more than 5% and also sees a bullish divergence vs price signaling that a reversal is imminent.

Buy above 88.52. Stop loss is at 87.89. Take profit is at 89.66.



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