AUD/JPY intraday: the upside prevails as long as 87.98 is support
Alternative scenario: the downside breakout of 87.98 would call for 87.58 and 87.34.
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Alternative scenario: the downside breakout of 87.98 would call for 87.58 and 87.34.
Alternative scenario: the downside breakout of 0.6639 would call for 0.6609 and 0.6591.
Alternative scenario: the downside breakout of 81.52 would call for 81.17 and 80.96.
Our preference: as long as 1.9696 is support look for 1.9904.
Alternative scenario: the downside breakout of 132.04 would call for 131.47 and 131.12.
Alternative scenario: below 1.8277, expect 1.8222 and 1.8190.
The MACD is below its signal line and negative.
Short positions below 103.5500 with targets at 103.0000 & 102.8000 in extension.
Short positions below 1.3700 with targets at 1.3650 & 1.3620 in extension.
Short positions below 0.9310 with targets at 0.9235 & 0.9210 in extension.
Short positions below 1.2265 with targets at 1.2225 & 1.2200 in extension.