AUD/JPY: technical picture
Another bit about Aussie for today. We have a negative view on AUD/JPY. The target is at 85.60 (76.4% Fibo of the advance from October 2012 to April 2013). Note though, that there’s a divergence both on daily and H4 charts – a sign of potential correction up – so there may be a chance to sell Aussie higher. Resistance lies at 87.30, 89.00, 89.35 and 89.70.
Chart. Daily AUD/JPY