- AUD/JPY is extending downside after rejection at 20-DMA in last week's trade.
- The pair is struggling to hold triangle breakout, has slipped below 50-DMA.
- Yen is likely to hold its safe haven appeal as geopolitical concern regarding North Korea resurface.
- Intraday bias is bearish, RSI weak below 50 levels, MACD supports trend lower.
- We see major trendline support for the pair at 85.90 (triangle base), break below could see further weakness.
- Bias on weekly charts is bearish. Break below 85.90 raises scope for test of 84.95 (weekly 20-SMA).
Support levels - 86, 85.90 (rising trendline), 84.95 (weekly 20-SMA)
Resistance levels - 86.39 (38.2% Fib retrace of 81.48 to 89.42 rally), 87.37 (20-DMA) 87.55 (23.6% Fib)
Recommendation: Good to go short on break below 85.90, target 85.45/ 85.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro- Major Crypto levels and bias summary
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD eases slightly, focus on near-term support
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: USD/ZAR gains some ground, but downtrend remains
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro- Major Pair levels and bias summary
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



