novvoll12

AUDJPY 89.61: 6.5-year rising trendline breakdown projects lower

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY slumped through 6.5-year rising trendline (from February 2, 2009 low) to threaten the 89.36 year-to-date low (February 3, 2015). Below lies the support levels including 88.24 and 86.41 (as shown on the 240minute chart). The 91.40/92.01 resistance zone should cap bounces. Only a decisive break through 92.01 would relieve.

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