AUD/JPY: 8-Years History Of Major Reversal From 88/90: S-Term & M-Term Targets – NAB

NAB FX Technical Strategy Research discusses AUD/JPY outlook, noticing a pattern of an eight year history of major reversals from the 88/90 zone, which is evolving again in H2 2017.

"Short Term Strategy (0-4 Weeks): 85.90/00 resistance likely to hold this week. Multi-week target at 81.50/82.50

"Medium Term Strategy (4-12 Weeks): While the weekly close remains below 85.90/00 the MT downtrend remains in play. MT target at 75.00/80.00," NAB argues.

Source: NAB ResearchOriginal Article