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AUD/JPY has made a low of 83.63 and recovered till 85.13. Overall trend is weak as long as resistance 85.07 (20 day 4 HMA) holds.
- Any break above 85.07 will take the pair to next target at 86.25/86.50.
- On the downside 84 is acting as short term support and break below will drag the pair further down till 83/81.96.
- The pair's further weakness can be seen only below 81.90 level.
It is good to sell on rallies around 84.40-45 with SL around 85.10 for the TP of 84.50/81.90.
