Short term trend: Bearish Ichimoku analysis (4 Hour chart): Tenkan-Sen level: 101.19 Kijun-Sen level: 101.61 Ichimoku cloud top: 101.64 Ichimoku cloud bottom: 100.56 AUD/JPY is trading near major support 100.60 (Cloud bottom) and is expected to decline further in the coming days. Overall trend is weak as long as resistance 101.65 holds. On the upper side any break above would extend gain to 102.38/120.85 in the short term. The pair’s major support is around 100.40 and any indicative break below will target 99.70/98.75. Indicators Ichimoku (9, 26, 52, 26) - Sell MACD (12.26.9) - Sell
Recommendation: Sell AUD/JPY around 100.65-70, SL 101.65, Target 99.70/98.75.