Aud/jpy Takes Support Around 200 Day 4hma, Jump Till 92.20 Is Possible

Intraday trend- Bullish

Short term trend- Bearish

  • AUD/JPY has recovered till 90.88 and is holding well above 90 level. It is currently trading at 90.73.
  • On the lower side minor support is around 90.20 any break below will target 89.80/89.35.
  • The break of major resistance 90.90 (200 day HMA) will target 91.40/92/92.40 in short term.
  • Bearish invalidation only above 92.40.

It is good to buy at dips around 90.50-55 with SL around 90.20 for the TP of 91.80/92.20

The material has been provided by InstaForex Company –