AUD/JPY: Strong technical set-up, support/resistance at 90/93
No reason to jump off the bull train here. The clear technical target is at 93.00 and support lines are also very clear at 90.00 (see chart). Looking to further reduce long positions on any approach to 93.00 with the intention of re-buying on dips. Much of course will depend on the market reaction to what happens at 100.00 in USD/JPY.