AUD/JPY Intraday Signal: Downside Expected Toward 96.12
AUD/JPY is under pressure as momentum indicators remain weak. The RSI is below 50, while the MACD is positive but still under its zero line, requiring a break lower to confirm extended downside. Price trades below its 20-period moving average (96.60) but slightly above the 50-period (96.51), indicating a mixed but leaning bearish configuration. As long as the pivot at 96.92 caps upside, the next target stands at 96.12. A breakout above 96.92 would shift the outlook toward 97.17 and 97.31.
Enter: 96.70
SL: 96.92
Target A: 96.35
Target B: 96.12