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Add as a preferred source on Google FxWirePro: AUD/JPY edges lower from strong trendline resistance at 86.40, good to sell rallies AUD/JPY has turned lower from strong trendline resistance at 86.40 on Monday's trade. The pair is extending downside on the day as Yen bids seen after BoJ held rates. AUD/JPY has slipped below 5-DMA at 85.12 and the dail…
By FxWire Pro Mar 15, 2016, 6:24 AM UTC
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AUD/JPY has turned lower from strong trendline resistance at 86.40 on Monday's trade.
The pair is extending downside on the day as Yen bids seen after BoJ held rates.
AUD/JPY has slipped below 5-DMA at 85.12 and the daily cloud currently spanning 84.97 to 83.75.
Next support on the downside is located at 84.50 (10-DMA) and then at 84.07 (Mar 3rd lows).
Recommendation: Good to sell rallies around 85, SL: 85.70, TP: 84.50/84
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