AUD/JPY rejected again from above 87.00

By FXStreet FXStreet (Córdoba) – AUD/JPY is retreating on Monday, trading at the lowest level since Thursday and below a short-term uptrend line that offered support.

Last week the pair traded several times above 87.00 but always failed to hold. After being rejected today started to decline. From 87.12 (daily high) dropped constantly and bottomed on American hours at 85.79.

Currently is trading at 86.20/25, after rebounding boosted by a recovery of USD/JPY and AUD/USD.

AUD/JPY technical level

To the upside, resistance levels could be located at 86.70, 87.10/20 (daily high) and 87.80. On the opposite direction support could be located at 85.75/80 (daily low), 85.05 and 84.10 (August 26 low).
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Source:: FX Street