AUD/JPY may fall 72 - 102 pips

Our pivot point stands at 99.88.

Our preference

The downside prevails as long as 99.88 is resistance.

Alternative scenario

The upside breakout of 99.88, would call for 100.37 and 100.67.

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 99.79 and 100.57).

Supports and resistances

100.67 **

100.37 *

99.88 **

99.68

99.43 last

98.71

98.41 **

98.12 *

97.82 **

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