AUD/JPY profit target reached once again, prepare to sell


The price has dropped perfectly to our profit target once again. We look to sell on major resistance at 88.40 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a further drop to at least 87.91 (Fibonacci extension, horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance below 96% where a corresponding drop could occur.

Sell below 88.40. Stop loss at 88.66. Take profit at 87.91.


The material has been provided by InstaForex Company –


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