AUD/JPY Trade Idea

AUD/JPY has broken major trend line resistance around 85.10 (trend line joining 84.99 and 85.05) and this confirms short term bullishness a jump till 86.15/87.20 cannot be ruled out.

• Overall weakness can be seen only below 83.
   
• On the downside intraday weakness can be seen below 84.40 and any break below targets 83.90/83.25.

It is good to buy at dips around 85.10-20 with SL around 84.40 for the TP of 86.10/87.20

Resistance

R1- 85.50

R2-86.15

R3- 87.20

Support

S1-84.40

S2-83.90

S3-83.25