AUD/JPY looking for a bounce above major support

The price continues to inch lower and we’re starting to see major support at 85.53 (Fibonacci extension, horizontal swing low support) where we expect a bounce from to push the price up to at least 86.67 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (89,3,1) is seeing major support above 1.1% where we expect a corresponding […]