AUD/JPY made a temporary top around 99.70 and is in consolidation phase. Intra day trend is bullish as long as major support 97.80 holds.
Any break below 97.80 (23.6% retracement of 91.75 and 99.70) will target 61.8% retracement of 95.36 to 99.70 at 97.04.
Minor support is around 98.50.
Minor resistance is around 98.87. Any indicative break above would extend gain to 99.70/100.72 (161.8% retracement of 99.70 to 98.04.
Recommendation: Buy AUD/JPY around 98.85, SL 98.47, Target 99.70.
Any break below 97.80 (23.6% retracement of 91.75 and 99.70) will target 61.8% retracement of 95.36 to 99.70 at 97.04.
Minor support is around 98.50.
Minor resistance is around 98.87. Any indicative break above would extend gain to 99.70/100.72 (161.8% retracement of 99.70 to 98.04.
Recommendation: Buy AUD/JPY around 98.85, SL 98.47, Target 99.70.