- AUD/JPY has recovered till 86.11 yesterday and started to retreat from that level. Overall trend is still weak as long as trend line resistance 86.35 holds.
- On the downside minor trend line support is around 85.70 and any break below will drag the pair further down till 84.80/84.60 in short term.
- Short term weakness only below 84.60.
- The pair’s major resistance is around 86.35 and break above would extend gains till 87.25.
It is good to sell on rallies around 85.80-85 with SL around 86.35 for the TP of 84.80
The material has been provided by InstaForex Company – www.instaforex.com