FX.co - AUD/JPY remain bearish for a further drop

2016-10-28T01:14:13

Long-term review

We remain bearish below 80.00 resistance (Fibonacci retracement, horizontal resistance) for a push down to 79.40.

RSI (34) is right below major resistance at 61% where we expect a reaction from and has also made a bearish exit.

Sell below 80.00. Stop loss at 80.32. Take profit at 79.40.

AUD/JPY remain bearish for a further drop

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ AUD/JPY remain bearish for a further drop