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AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70 
- RES 4:121.30 ( SEP 10TH HIGH)
- RES 3: 120.56 (Oct 6th 2015)
- RES 2: 120.00 (200 day HMA)
- RES 1: 119.65 (7 day H EMA)
PRICE: 118.34 @10:36 GMT
- SUP 1: 118.50 (Sep 4th 2015)
- SUP2 : 118
- SUP3 : 117.40 (161.8% retracement of 11860 and 120.48)
- SUP 4: 116.93 (161.8% retracement of 118.60 and 121.30)
USD/JPY breaks major support 118.60 which confirms major weakness , a decline till 116.20 cannot be ruled out .
On the higher major resistance is around 119.20 and break above targets 119.60/119.80.
Bearish invalidation only above 120.10 level.
It is good to sell on rallies around 118.45-50 with SL around 19.20 for the TP of 117/116.20
