AUD/JPY may fall 75 - 109 pips

Our pivot point is at 97.40.

Our preference

The downside prevails as long as 97.40 is resistance.

Alternative scenario

Above 97.40, look for 97.97 and 98.32.

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 97.08 and 97.03).

Supports and resistances

98.32 **

97.97 *

97.40 **

97.17

96.94 last

96.19

95.85 **

95.51 *

95.16 **

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