AUD JPY forex market Trading News
1/31/2017 12:17:56 PM
AUD/JPY has twice bounce back today from 85.77 levels, therefore forming a dual bottom on the intraday charts with neckline persistence around 86.09 levels.
The JPY reinforced for a brief moment, but rapidly give in the post-BOJ gains. Subsequently, the cross recovered from 85.75 levels. The pair was last seen trading around 85.85 levels.
A break above 86.10 would reveal persistence aligned at 86.55 and at 87.14. On the other hand, a breakdown of support at 85.75 could yield a sell-off to 85.35 and then to 85.17.
FOREX market analysis by FxErvin.