- AUD/JPY has turned lower from strong trendline resistance at 86.40 on Monday's trade.
- The pair is extending downside on the day as Yen bids seen after BoJ held rates.
- AUD/JPY has slipped below 5-DMA at 85.12 and the daily cloud currently spanning 84.97 to 83.75.
- Next support on the downside is located at 84.50 (10-DMA) and then at 84.07 (Mar 3rd lows).
Recommendation: Good to sell rallies around 85, SL: 85.70, TP: 84.50/84
The material has been provided by InstaForex Company – www.instaforex.com