Technical Analysis.

AUDJPY - H4

Market (55 above 21) is flat. Price is (5 above 8) is bullish. Stochastic is over bought. Resistance levels at 88.0/MM3/WM3, WR1/MR1/88.50 and 89.0/WM4/MM4. Support levels at WPP/MPP/87.50, WM2/87.0/MM2 and WS1/86.50. I am waiting for price to make a higher high and buy when it retraces and makes a lower low at support.

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