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BSby u/bsantoso·4dAnalysis

Thoughts on AUDJPY after today's push

Watching $AUDJPY closely today. We've seen a pretty sharp rejection from the 112.162 area, confirming that as strong resistance for now. The current support looks to be holding around 111.123, which was yesterday's low. If we break below that, I'm anticipating a move to test the 110.50 level. The risk to that scenario, obviously, is if we get a sustained push back above 112.162, which would invalidate the current bearish bias for me.

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