AUD/JPY may fall 75 - 110 pips

101.62 is our pivot point.

Our preference

The downside prevails as long as 101.62 is resistance.

Alternative scenario

Above 101.62, look for 102.21 and 102.56.

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 101.24 and 101.32).

Supports and resistances

102.56 **

102.21 *

101.62 **

101.38

101.14 last

100.39

100.04 **

99.68 *

99.33 **

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