- AUD/JPY made a high of 93.95 and retreated till 93.28. Overall trend is bullish as long as support 92.85 (200 day HMA) holds.
- On the downside slight weakness can be seen only below 92.80. Any break below will drag the pair further down till 92.15/91.57.
- The pair’s minor resistance is around 94 and any indicative break would extend gains to 94.61/95.30.
Indicators (1 hour chart)
CCI (50) – Buy
CCI (14) – Sell
We prefer to buy AUD/JPY around 93.40, SL 92.80, Targets 94.55/95.25.
The material has been provided by InstaForex Company – www.instaforex.com