AUD/JPY faces strong resistance at 92.4, good to sell on rallies
AUD/JPY breaks short term support 91 and is currently trading at 91.40. Overall trend is weak as long as resistance 92.40 holds.
On the lower side minor support is around 91 and break below targets 90/89.35.
The break of major resistance 92.40 will target 94/95 in short term.
Bearish invalidation only above 92.40.
Indicators (4 hours chart)
CCI (50) - Buy
Ichimoku - Sell
It is good to sell on rallies around 91.80-85 with SL around 92.41 for the TP of 90/89.60
On the lower side minor support is around 91 and break below targets 90/89.35.
The break of major resistance 92.40 will target 94/95 in short term.
Bearish invalidation only above 92.40.
Indicators (4 hours chart)
CCI (50) - Buy
Ichimoku - Sell
It is good to sell on rallies around 91.80-85 with SL around 92.41 for the TP of 90/89.60