AUD/JPY may fall 72 - 108 pips

Our pivot point stands at 101.68.

Our preference

The downside prevails as long as 101.68 is resistance.

Alternative scenario

The upside breakout of 101.68, would call for 102.27 and 102.63.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 101.39 and 101.32).

Supports and resistances

102.63 **

102.27 *

101.68 **

101.45

101.19 last

100.47

100.11 **

99.76 *

99.41 **

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