FxWirePro

AUD/JPY Short term outlook

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
0
AUD/JPY has broken major resistance at 99.38 (trend line resistance joining 96.50 and 98.66) and reach till 100.97 (76.4% retracement of 105.42 and 86.39) cannot be ruled out.
Minor support is around 98.80. On the downside break below 98.80 will target 98.25/98.
Short term trend reversal only below 98.
Recommendation: Buy AUD/JPY around 99.50, SL 98.79, Target 100.97
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.