- AUD/JPY is extending downside for 5th successive session, intraday bias lower.
- The pair has paused downside at 23.6% Fib retracement of 81.486 to 90.304 rally at 88.22.
- Break below will see extension of downside. Scope then for test of daily cloud at 86.97.
- The pair is continuing downside along the 'Bullish Cypher' formation on the daily charts.
- Technical studies are bearish on intraday charts, Stochs and RSI have rolled over from overbought levels and biased lower.
- 20-DMA at 88.20 is strong support, while 5-DMA at 88.76 is immediate resistance ahead of trendline at 90.
Support levels - 88.13 (20-DMA), 87.66 (Sept 15 low), 86.93 (38.2% Fib retracement of 81.486 to 90.304 rally)
Resistance levels - 89.10 (5-DMA), 89.68 (Sept 25 high), 90 (trendline), 90.30 (Sept 21 high)
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) is approaching TP1.
Recommendation: Bias lower, hold for targets.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -106.078 (Bearish), while Hourly JPY Spot Index was at 56.1991 (Neutral) at 0540 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


FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro- Major Crypto levels and bias summary
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: USD/CNY edges lower, scope for further downside
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments 



