AUDJPY technical analysis.

AUDJPY - Daily

Market (21 above 55) is sideways. Price (5 above 8) is sideways. Stochastic has crossed to the downside just below overbought level. Resistance levels at MM3/88.0, MR1/89.0 and MM4/89.50. Support levels at MM2/86.5, MS1/85.50 and 85.0/MM1. Market is range bound. Bulls will buy at support with oversold stochastic and Bears will sell at Resistance with overbought stochastic.

AUDJPY - H4

Market (21 above 55) is sideways. Price (5 above 8) is sideways. Stochastic is move up. Resistance levels at WM3/88.0/MM3, WR1/88.50 and MR1/WM4/89.0. Support levels at WPP/87.0, 86.0 and WM1/85.50. Market is ranging. I will look to buy at support (WPP/87.0) with oversold stochastic. If price breaks through the bottom of the range, I will look to buy at the next support level, 86.0 which is the bottom of a previous range.

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