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AUD/JPY has broken major resistance around 87.50 which confirms short term bullishness, a jump till 88.57 is possible. Intraday weakness can be seen only below 87.20.
- Any break below 87.20 will drag the pair further down till 86.70/86.30
- Overall weakness can be seen only below 85
- On the higher side minor resistance is around 87.70 and break above targets 88/88.50.
It is good to buy at dips around 87.50 with SL around 86.95 for the TP of 88/88.55.
