AUD/JPY may fall 70 - 104 pips

100.43 is our pivot point.

Our preference

The downside prevails as long as 100.43 is resistance.

Alternative scenario

Above 100.43, look for 100.99 and 101.33.

Comment

The RSI is below its neutrality area at 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 100.07 and 100.25).

Supports and resistances

101.33 **

100.99 *

100.43 **

100.20

99.93 last

99.23

98.89 **

98.55 *

98.21 **

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