AUD/JPY may fall 69 - 102 pips

Our pivot point is at 94.86.

Our preference

Under pressure below 94.86.

Alternative scenario

The upside breakout of 94.86, would call for 95.42 and 95.75.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 94.34 and 94.37).

Supports and resistances

95.75 **

95.42 *

94.86 **

94.64

94.11 last

93.42

93.09 **

92.75 *

92.42 **

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