AUDJPY 4 HOUR CHART —
AUDJOY is back in familiar territory after last week’s phantom spike to the downside.
On this chart, expect support as long as it trades above .99.00 but would need to clear 100.01 to put the key 100.80 resistance in play.
Note AUDJPY has moved up mainly on the bounce in AUDUSD while USDJPY has barely moved.
This is an e3xmaple pof using crosses to trade spot and following the path of least resistance with USDJOY still reluctant to challenge 155.