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AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
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FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
- GBPJPY has broken the low of 139.78 made on Aug 18th 2017 and declined till 139.31 yesterday. Intraday trend is weak as long as 140.40 (21- 4H EMA) holds. It is currently trading around 139.57.
- The near term minor resistance 140.36 (21- 4H EMA) and any break above confirms intraday bullishness, a jump till 140.92 (7- day MA)/141.30 (23.6% retracement of 147.77 and 139.31)/142/143.20. Overall bearish invalidation only above 147.70.
- On the lower side,daily close below 140 confirms bearish continuation and dip till 138.67 (Jun 12th 2017 low)/135.59 (Apr17th 2017 low) is likely.
It is good to sell on rallies around 139.80-85 with SL around 140.92 for the TP of 138.67/135.60.
