- AUD/JPY has made a low of 83.63 yesterday and recovered till 84.71. Overall trend is weak as long as resistance 85 holds.
- Any break above 85 will take the pair to next target at 86.25/86.50.
- On the downside 84 is acting as short term support and break below will drag the pair further down till 83/81.96.
- The pair’s further weakness can be seen only below 81.90 level.
It is good to sell on rallies around 84.20-25 with SL around 87.35 for the TP of 84.50/81.90.
The material has been provided by InstaForex Company – www.instaforex.com