AUD/JPY faces major support at 89.50, break below targets 86.50

AUD/JPY is trading near major trend line support 89.50 (trend line joining 89.15 and 89.33) and any break below will drag the pair further down till 86.40/84.

• It has made a low of 90.23 and closed at 90.49 yesterday. In the Asian session it has broken major support 90 and is trading around 89.81.
   
• On the higher side minor resistance is around 90.35 and break above would extend gains till 90.89/91.20.
   
• It is good to sell only on breakout (89.50).

It is good to sell below 89.50 with SL around 90.30 for the TP of 86.40..