AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
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AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
- Uncertainty ahead of FOMC and BOJ keeps yen demand intact as markets consider the possibility of BOJ under delivering this Friday.
- EUR/JPY sharply down on the day, falling around 0.8 percent from day's high of 116.41 to lows of 115.08.
- Techs support downside, Stochs have rolled over from overbought levels, RSI is biased lower.
- The pair holds above 20-DMA support at 115, break below will see test of 113 levels.
Recommendation: Good to go short on rallies around 115.20, SL: 116, TP: 113.95/ 113.30
Support Levels:
S1: 115.00 (20-DMA)
S2: 114.91 (July 13 low)
S3: 113.95 (July 4 low)
Resistance Levels:
R1: 116 (Psychological level)
R2: 116.45 (5-DMA)
R3: 116.54 (10-DMA)
