Technical Update - AUDJPY clsing in on strong resistance at 98.2
The AUDJPY pair is approaching strong resistance and the 0.618 retracement at around 98.20. A daily close above this level could fuel a rally towards the February peak at 99, with potential up to 100, especially if the RSI supports the bullish view.
If rejected at the resistance, AUDJPY is likely to slide back to 97
If rejected at the resistance, AUDJPY is likely to slide back to 97