FxWirePro
Long

AUD/JPY Short Term Outlook

FX:AUDJPY   Australian Dollar / Japanese Yen
16 0 0
AUD/JPY             has made a high of 98.94 and is slightly retreating form that level.
Any indicative break above 98.94 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, SL 97.20, Target 100.97/102.19.
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