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FxWirePro: AUD/JPY trades in narrow range, good to sell on rallies

Intraday trend- neutral

Short term trend- Bearish

  • AUD/JPY has made a low of 90.91 and slightly recovered from that level. Short term trend is bearish as long as resistance 92.10 holds.

  • On the lower side minor support is around 91 any break below will target 90.30/89.35.

  • The break of major resistance 92.10 will target 93/94 in short term.

It is good to sell on rallies around 91.50-55 with SL around 92.10 for the TP of 90.35/89.60.

 

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