AUDJPY seems to have dropped from MPP & Fibonacci 50% level on Daily chart.  (Below)

We can expect the price might drop down to Fib138.2% (or even Fib161.8%).  Stochastic on the Daily chart also looks good to Short.

 

Let’s look for the Sell zone.   I would like to propose the following 2 zones,

 

 

If you are Day-Trading, your target should be DM1-DS2 zone (85.21-85.47).

If you are Swing Trading based on the Daily chart, your target should be MM1 (78.75).

 

Hope you find this post helpful.

 

YJ Baik – Forex.Today @ Kyoto