- AUD/JPY finds strong support at 87.50 (rising trendline), we see weakness to extend on break below.
- Aussie extends sell-off in the wake of the latest RBA rate cut talks.
- Price has edged higher from fresh 3-week lows at 87.40 to currently hover around 87.81.
- Technical indicators support downside in the pair, RSI and stochs are sharply lower.
- Break below 87.50 (rising trendline) finds next major support at daily cloud at 87.
- On the flipside, bearish invalidation only above 20-DMA at 88.53.
Support levels - 87.63 (50-DMA), 87.50 (trendline), 87.09 (cloud top)
Resistance levels - 88.20 (5-DMA), 88.38 (W 200-SMA), 88.53 (20-DMA)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-JPY-continues-downside-in-Bullish-Cypher-pattern-eyes-20-DMA-at-8796-good-to-short-rallies-914078) has hit TP 1/2/3.
Recommendation: Book partial profits at lows. Watch out for break below trendline support at 87.50 for further downside.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -39.2036 (Neutral), while Hourly JPY Spot Index was at 94.0014 (Bullish) at 1040 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major Crypto levels and bias summary 



