- AUD/JPY has made a low of 81.89 on Monday and recovered till 87.15. Overall trend is weak as long as resistance 87.35 holds.
- Any break above 87.35 will take the pair to next target at 88.14/88.59.
- On the downside 85 is acting as short term support and break below will drag the pair further down till 84 /81.90.
- The pair’s further weakness can be seen only below 81.90 level.
It is good to sell on rallies around 85.80-90 with SL around 86.70 for the TP of 84.50/81.90.
The material has been provided by InstaForex Company – www.instaforex.com