FxWirePro

AUD/JPY Short term Outlook

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
1
AUD/JPY has broken major support 95 and in short term it is expected to reach 94.25/92.85.
On the upside minor resistance is around 95.30 (Support turned into resistance) and any break above will target 95.70/96.

Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell AUD/JPY around 94.80-85, SL 95.31, Target 94.25/92.90.