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 …
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..
