AUD/JPY: Immediate Support At 3 Day Lows
Jason Sen | Nov 20, 2014 04:11AM ET
AUD/JPY immediate support at 3 day lows of 101.35/25. Any longs here today need stops below 101.15. Be ready to go with a break lower today for a move towards good support at 100.80/75. A low for the day is expected here. Try longs with stops below 100.50. An unexpected break lower however targets 100.20.
Immediate resistance at 101.90/95 then this week's high at 102.28/38 is a big challenge with the pair severely overbought at this stage. A high for the day is expected but we must always be ready to go with a break higher in a bull tend, to target 102.63/68 & perhaps as far as 102.90/93.
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