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Short

AUD/JPY slips below 79 handle, good to sell rallies

FX:AUDJPY   Australian Dollar/Japanese Yen
165 0 2
AUD/JPY             has broken major support at 79.17 and has fallen below the 79 handle to currently trade around 78.86 levels.

On 4H charts momentum studies are bearish , RSI and stochs are biased lower.

Downside now sees next major support at 78.63, breaks below could see test of 78.30 ( trendline ).

On the upside resistance is seen at 79.34 (4H 5 SMA ), and then at 79.52 (4H 10 SMA ).

Sell rallies around 78.95, SL: 79.40, TP: 78.65/78.30
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