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AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
- Major resistance- 162.80 (100 EMA)
- Major support -159.93 (10 day EMA)
- GBP/JPY has broken major resistance 162.80 and slightly retreated from that level. It is currently trading around 162.27.
- The pair is facing major resistance around 162.80 and any break above will take the pair till 164.10/166.
- On the lower side major support is around 161.50 and break below targets 160.70/159.90 in short term. The minor support is around 162.30/161.80.
- Short term weakness only below 160.
It is good to buy above 162.80 with SL around 161.80 for the TP of 164.10/166
R1-162.80
R2-164.10
R3-166
Support
S1-161.80
S2-160.70
S3-160
