FxWirePro
Long

AUD/JPY Short Term Outlook

FX:AUDJPY   Australian Dollar / Japanese Yen
10 0 0
AUD/JPY             made a high of 99.38 ( trend line joining 96.50 and 98.66) and has slightly retreating from that level.
Any indicative break above 99.38 would extend gain to 100.97 (76.4% retracement of 105.42 and 86.45) and 102.19 (100% projection of 88.22 to 98.66 from 91.75).
Minor support is around 98. On the downside any break below will target 97.24 (23.6% retracement of 91.75 and 98.94).
Recommendation: Buy AUD/JPY             around 98.50, SL 98, Target 100.97/102.19.
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