Technical analysis of AUD/JPY for December 27, 2016

The price is now approaching major support at 83.74 (Fibonacci retracement, Fibonacci projection, horizontal support) where we expect a bounce from to the 84.92 resistance (horizontal overlap resistance, Fibonacci projection, Fibonacci retracement).

Stochastic (21,5,3) is seeing major support above the 14% level.

Buy above 83.74. Stop loss at 83.09. Take profit at 84.92.

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