AUD/JPY may fall 36 - 76 pips

Pivot

103.60

Our preference

Short positions below 103.60 with targets at 102.60 & 102.20 in extension.

Alternative scenario

Above 103.60 look for further upside with 103.95 & 104.35 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

104.35

103.95

103.60

102.96 Last

102.60

102.20

102.00

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