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AUD/JPY breaks major trend line resistance, jump till 87.20 is possible

Tuesday, October 6, 2015 5:52 AM UTC

AUD/JPY has broken major trend line resistance around 85.10 (trend line joining 84.99 and 85.05) and jumped till 85.94 from that level. Intraday weakness can be seen only below 85.25.
Any break below 85.25 will drag the pair further down till 84.60/83.90
Overall weakness can be seen only below 83.
On the higher side minor resistance is around 86.20 and break above targets 87.25.

It is good to buy at dips around 85.60-65 with SL around 85.25 for the TP of 86.10/87.20

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AUD/JPY breaks major trend line resistance, jump till 87.20 is possible

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