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AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 
- Major resistance – $1332 (21-day MA).
- Major support - $1321 (55- day EMA).
- The yellow metal has taken support near 90-day EMA and recovered sharply from the low of $1302.61. It is currently trading around $1326.
- Gold should break above 21-day MA targets $1342/$1348 (61.8% retracement of $1375 and $1302.69).
- On the lower side, support stands at $1321 and any violation below targets $1311/$1303.56.
- Short term weakness only below $1300.
It is good to buy above $1332 with SL around $1321 for the TP of $1342/$1348
