- AUD/JPY has broken support at 'Triangle Base' at 85.50, scope for further downside seen.
- Price action has retraced from fresh 3-month lows at 84.38, has held minor support at Nov 28 lows (84.39).
- We see a spinning top formation at lows below 'Symmetric triangle' which calls for caution.
- However, technical studies on daily and weekly charts support downside. Price action has broken below major moving averages and daily cloud.
- Breach at 'Triangle Base' raises scope for test of 83.72 (June 22 low). Further weakness only on break below.
- Bearish invalidation on retrace above 200-DMA at 86.52.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-JPY-struggles-at-Triangle-Base-at-8550-further-downside-only-on-break-below-1140005) has almost hit all targets.
Recommendation: Book partial profits, trail stop loss to 85.50, hold for 84/ 83.75.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR extends decline, scope for further downside
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro : EUR/NZD gains upside momentum but still bearish
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro: GBP/AUD under pressure as the pair continues to weaken 



