AUD/JPY may fall to 88.76 - 91.41

Our pivot point stands at 101.28.

Our preference

The downside prevails as long as 101.28 is resistance.

Alternative scenario

Above 101.28, look for 105.79 and 108.47.

Comment

The RSI is below 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 101.04 and 103.53).

Supports and resistances

108.47 **

105.79 *

101.28 **

99.52

97.51 last

91.41

88.76 **

86.11 *

83.46 **

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