AUD/JPY may fall 72 - 106 pips

Our pivot point is at 100.23.

Our preference

Eye 98.70.

Alternative scenario

Above 100.23, look for 100.81 and 101.15.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (99.90) but above its 50 period moving average (99.75).

Supports and resistances

101.15 **

100.81 *

100.23 **

100.01

99.76 last

99.04

98.70 **

98.36 *

98.02 **

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