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FxWirePro: AUD/JPY consolidates in narrow range, good to sell on rallies

AUD/JPY has made a low of 81.89 on Monday and recovered till 87.15. Overall trend is weak as long as resistance 87.35 holds. Any break above 87.35 will take the pair to next target at 88.14/88.59. On the downside 85 is a…

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FxWirePro: AUD/JPY consolidates in narrow range, good to sell on rallies
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AUD/JPY has made a low of 81.89 on Monday and recovered till 87.15. Overall trend is weak as long as resistance 87.35 holds.

  • Any break above 87.35 will take the pair to next target at 88.14/88.59.
  •  On the downside 85 is acting as short term support and break below will drag the pair further down till 84 /81.90.
  • The pair's further weakness can be seen only below 81.90 level.

It is good to sell on rallies around 85.80-90 with SL around 86.70 for the TP of 84.50/81.90. 

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