7640340 7/12/2017 3:39 PM, AUD/JPY ST: bullish bias above 84.50.


Pivot: 84.50


Our preference:

long positions above 84.50 with targets at 87.50 & 89.00 in extension.


Alternative scenario:

below 84.50 look for further downside with 82.80 & 81.50 as targets.


Comment:

the immediate trend remains up and the momentum is strong.


Supports and resistances:


90.80 **

89.00 *

87.50 ***


86.48

Last

84.50 ***

82.80 *

81.50 ***