AUD/JPY may fall 87 - 117 pips

Our pivot point stands at 101.50.

Our preference

The downside prevails as long as 101.50 is resistance.

Alternative scenario

Above 101.50, look for 102.01 and 102.30.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 101.27 and 101.01).

Supports and resistances

102.30 **

102.01 *

101.50 **

101.30

100.80 last

99.93

99.63 **

99.33 *

99.04 **

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