AUD/JPY may fall 20 - 50 pips

Pivot

101.00

Our preference

Short positions below 101.00 with targets at 100.40 & 100.10 in extension.

Alternative scenario

Above 101.00 look for further upside with 101.40 & 101.70 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

101.70

101.40

101.00

100.60 Last

100.40

100.10

99.90

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