AUD JPY Dropped suddenly to lower range
7/26/2017 3:04:40 PM
The cross in AUD/JPY submitted the bids and dropped suddenly to test 50-EMA placed 88.30 levels.
An immediate persistence is seen at 89.05 ahead of 89.30. An end of the day close above the same would recover the June - July rally and shall open doors for 90.05 levels. On the disadvantage, a break below 88.78 would open up weakness towards 88.50 and 88.41.
FOREX market analysis by FxErvin.