AUD/JPY may fall 27 - 47 pips

Pivot

100.50

Our preference

Short positions below 100.50 with targets at 99.90 & 99.70 in extension.

Alternative scenario

Above 100.50 look for further upside with 100.70 & 101.00 as targets.

Comment

As long as 100.50 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

101.00

100.70

100.50

100.17 Last

99.90

99.70

99.40

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