- AUD/JPY is trading to the downside for the third day in a row, however this Monday bears only managed to trade a handful of pips below last Friday’s low, suggesting that the bearish momentum is somewhat slowing down for the time being.
- AUD/JPY found intraday support above the 82.00 figure which was a key level in the past weeks of trading.
- Bulls objective is to breakout above the bear trendline from July 19 in order to target 82.67-83.00 area. On the other hands, bears want a breakout below 82.00 in order to target 81.63 May 30 open.
AUD/JPY 15-minute chart
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Spot rate: 0.8228
Relative change: -0.47%
High: 0.8276
Low: 0.8214
Trend: Bearish / Sideways correction
Resistance 1: 82.67-83.00 area, July 23 open, figure
Resistance 2: 83.48 July 19 open
Resistance 3: 84.00 figure
Support 1: 82.00 figure
Support 2: 81.63 May 30 open
Support 3: 81.00 figure
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