AUD/JPY may fall to 87.13 - 89.80

Our pivot point stands at 99.26.

Our preference

The downside prevails as long as 99.26 is resistance.

Alternative scenario

Above 99.26, look for 103.78 and 106.47.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 97.61 and 100.38).

Supports and resistances

106.47 **

103.78 *

99.26 **

97.49

95.63 last

89.80

87.13 **

84.45 *

81.78 **

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