After a prolonged decline from the high levels of 86.00, the AUD/JPY is forming a reversal in the lower part of the Matrix. According to the Fibonacci Matrix, the pair is expected to form Wave E, going all the way up towards the upper part of the matrix. The positive divergence support the analysis and reinforce a Buy entry at the current levels. Price target is in consistent with the strong resistance of 84.66. Stop-loss order should be placed bellow yesterday's low.
