Selling in the Nikkei 225 which was down over 3%, (adding pressure on Yen crosses).
The pair printed a day low of 85.78 and has since pared some losses to currently trade around 85.92.
Downside has seen breach of strong resistance at 85.98, price action below hourly cloud and 5-DMA support at 85.95.
Stochs and on are biased lower, price action on hourly converges with momentum indicators.
Immediate resistance and supports are seen at 86.55 and 85.46 (10-DMA) respectively.
Good to sell rallies around 85.90/86, SL: 86.55, TP: 85.60/85.35/85.20
Pair holding support at 85.0, breaks below will see 84.30.
Book partial profits, lower stops to 85.50, target 84.70/84.30
Lower stops to 84.20, target 83.20/83
Has edged higher after hitting lows of 82.80 on Tuesday's trade.
Pair closed above cloud-top on Tuesday (which is strong support.).
Breaks below could see further downside. We recommend booking full profits.