AUD/JPY may fall 39 - 57 pips

Our pivot point stands at 107.44.

Our preference

The downside prevails as long as 107.44 is resistance.

Alternative scenario

Above 107.44, look for 107.75 and 107.93.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 107.36 and 107.48).

Supports and resistances

107.93 **

107.75 *

107.44 **

107.32

107.13 last

106.74

106.56 **

106.38 *

106.20 **

Number of asterisks represents the strength of support and resistance levels.