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AUD/JPY faces strong trend line support around 84.60, break below targets 83.35

  • AUD/JPY has made a high of 86.32 yesterday and started to retreat from that level.  Overall trend is still weak as long as resistance 86.35 holds.

  • On the downside major trend line support is around 84.60 and any break below will drag the pair further down till 83.32 in short term.

  • Short term weakness only below 84.60.

  • The pair's minor resistance is around 85.65 and break above would extend gains till 86.35/87.

It is good to sell below 84.60 with SL around 85.10 for the TP of 83.35.

 

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