AUD/JPY upside rejected at cloud top (85), pair extending downside, slips below cloud base.
Next strong support seen at 83.00 levels. Breach of support could see test of 81.50.
Stochs are at overbought and on the verge of a rollover. This would confirm downside.
RSI has turned lower from over 60 levels and is biased south.
Good to short breach of 83 levels, SL: 84, TP: 82.60/82/81.50
Bearish invalidation only above 85 levels
Next strong support seen at 83.00 levels. Breach of support could see test of 81.50.
Stochs are at overbought and on the verge of a rollover. This would confirm downside.
RSI has turned lower from over 60 levels and is biased south.
Good to short breach of 83 levels, SL: 84, TP: 82.60/82/81.50
Bearish invalidation only above 85 levels
