Friday, October 16, 2026

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AUD/JPY trades well above 85 level, jump till 87.20 is possible

AUD/JPY has broken major resistance around 85.50 and jumped till 86.37 from that level. Intraday weakness can be seen only below 85.70. Any break below 85.70 will drag the pair further down till 85.20/84.80 Overall weakn…

By Lis Howell
1 min read
AUD/JPY trades well above 85 level, jump till 87.20 is possible
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AUD/JPY has broken major resistance around 85.50 and jumped till 86.37 from that level.  Intraday weakness can be seen only below 85.70.

  • Any break below 85.70 will drag the pair further down till 85.20/84.80
     
  • Overall weakness can be seen only below 83.
     
  • On the higher side minor resistance is around 86.20 and break above targets 87.25.

It is good to buy at dips around 86.20-25 with SL around 85.70 for the TP of 87.20.

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