Aud/jpy Trade Idea

  • AUD/JPY has made a high of 95.99 and retreated from that level. Intraday trend is bearish as long as resistance 95.50 holds.
  • On the up side any indicative break above 95.50 would extend gains till 96/96.35.
  • The pair’s minor support is around 94.89 and any break below will drag the pair further down till 94.30/93.55.

It is good to sell on rallies around 95.15-20 with SL around 95.55 for the TP 94.30/94.

Resistance

R1- 95.50

R2- 96

R3- 96.35

Support

S1-94.89

S2-94.30

S3-93.55 

The material has been provided by InstaForex Company – www.instaforex.com

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