- AUD/JPY is extending slump for a second consecutive session, renewed concerns over Brexit after-effects boosted Yen demand.
- The pair extends downside from Tuesday, hits lows of 74.55 before paring some losses to currently trade at around 47.85 levels.
- Speculation about BOJ verbal intervention sees some profit booking in JPY crosses. Techs support further downside.
- Stochs and RSI on the daily charts are inclined south, MACD is well below the zero mark.
- Immediate support and resistance are now located at 74.38 (lower Bollinger Band) and 75 levels respectively.
- Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-breaks-major-support-at-77-level-good-to-sell-on-rallies-231518) has achieved all targets.
Recommendation: Book partial profits, lower trailing stops to 75.50, target 74.35/ 74/ 73.75


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: GBP/USD dips on UK GDP data miss
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro- Major Pair levels and bias summary
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support 



