AUDJPY

AUDJPY SELL SETUP AUD/JPY is idling just under the key 81.65 – 82.02 inflection zone, with the pair in a broader neutral state since earlier this year. Clearing the inflection range exposes the critical 85.44 – 86.26 resistance zone, as well as the 50-day SMA. Turning lower places the focus on the 79.84 inflection point before targeting the 78.84 – 78.00 support zone. Clearing the latter would open the door to resuming the downtrend.