- AUD/JPY has made a high of 95.99 and retreated till 94.67 from that level. Intraday trend is bearish as long as resistance 95.30 holds.
- On the up side any indicative break above 95.30 would extend gains till 96/96.35.
- The pair’s minor support is around 94.50 and any break below will drag the pair further down till 94.30/93.55.
It is good to sell on rallies around 94.90 with SL around 95.35 for the TP 94.30/94.
The material has been provided by InstaForex Company – www.instaforex.com