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AUDJPY Bears Take a Breather at 111.50, But ‘Sell on Rallies’ Still Eyes 110 
- Major Resistance -2030
- The index has jumped till 2025 yesterday after making a low of 1987. It is currently trading around 2003.
- Short term trend is still weak as long as resistance 2030 holds. Any break above 2030 will take the pair to new level 2050/2060.
- Major trend reversal only if it closes above 2060 level.
- On the lower side any break below 1985 (trend line joining 2003 and 1993) and break below targets 1965/1942.
It is good to sell on rallies around 2005-2010 with SL around 2030 for the TP of 1965/1942
