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Short

AUD/JPY faces trendline resistance at 86.35,targets 84.80

FX:AUDJPY   Australian Dollar/Japanese Yen
153 0 2
AUD/JPY             has recovered till 86.11 yesterday and started to retreat from that level. Overall trend is still weak as long as trend line resistance 86.35 holds.

On the downside minor trend line support is around 85.70 and any break below will drag the pair further down till 84.80/84.60 in short term.

Short term weakness only below 84.60.

The pair’s major resistance is around 86.35 and break above would extend gains till 87.25.

It is good to sell on rallies around 85.80-85 with SL around 86.35 for the TP of 84.80
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