Intraday trend- Bullish
Short term trend- Bearish
- AUD/JPY has recovered till 90.88 and is holding well above 90 level. It is currently trading at 90.73.
- On the lower side minor support is around 90.20 any break below will target 89.80/89.35.
- The break of major resistance 90.90 (200 day HMA) will target 91.40/92/92.40 in short term.
- Bearish invalidation only above 92.40.
It is good to buy at dips around 90.50-55 with SL around 90.20 for the TP of 91.80/92.20
The material has been provided by InstaForex Company – www.instaforex.com