FxWirePro
Short

AUD/JPY breaches major support at 88.40, drop till 87.40 likely

FX:AUDJPY   Australian Dollar / Japanese Yen
218 0 2
Major trendline support at 88.40 has been breached, we see further downside for the pair, test of 87.38 (38.2% Fib of 81.97 to 90.72 rise) likely

MACD on dailies has slipped below zero, daily Stochs and RSI are also biased lower, Stochs on weeklies also support downside, show bearish crossover from overbought levels.

Immediate resistance is seen at 88.58 (21 DMA) and then at 88.67 (23.6% Fib of 81.97 to 90.72 rise), while supports are located at 88.77 (Nov 19 low) and further below at 87.38 ((38.2% Fib of 81.97 to 90.72 rise).

Recommendation: Good to sell rallies around 88.40, SL: 89.00, TP: 87.40
Trade closed: target reached
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out