AUD/JPY may rise 32 - 67 pips

Pivot

106.75

Our preference

Long positions above 106.75 with targets at 107.50 & 107.85 in extension.

Alternative scenario

Below 106.75 look for further downside with 106.50 & 106.30 as targets.

Comment

The next resistances are at 107.50 and then at 107.85.

Supports and resistances

108.15

107.85

107.50

107.18 Last

106.75

106.50

106.30

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