FxWirePro: AUD/JPY struggles to close above 85, good to sell on rallies

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.