AUD/JPY Bullish Bounce Possible at 88.6 Fib

Dear traders,

AUD/JPY is bullish. We can see a potential for the move up towards higher camarilla pivots. 85.58 followed by 86.07 and 86.50 are possible.

AUD/JPY reacted negatively to China news during the Asia session. One of the measures is outlets will not be permitted to reproduce news content generated by certain media. Caixin Media has been removed from the list of news outlets that can be republished. This has made a negative effect on equities and AJ dropped. 

However if the market manages to stay above the trendline it could bounce and hit above mentioned targets.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez