AUDJPY - Bears are in Control but not for Long

JPYs pairs broke out of range as most pairs went short particular AUD/JPY and NZD/JPY. Bears are in control as Yen gains strength against major currencies.At current price action AUD/JPY will target next support zones at 93.396- 93.100 and 92.509 - 92.215.
Looking back to start of 2013 shows that these zones can prove to be turning point.

For Intraday traders, Short JPYs as resistance levels .


Sardar Uddin
TradeCuts