AUD/JPY may fall 69 - 103 pips

94.80 is our pivot point.

Our preference

The downside prevails as long as 94.80 is resistance.

Alternative scenario

The upside breakout of 94.80, would call for 95.36 and 95.69.

Comment

The RSI is below 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 94.43 and 94.43).

Supports and resistances

95.69 **

95.36 *

94.80 **

94.58

94.20 last

93.51

93.17 **

92.84 *

92.51 **

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