Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (83.92).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.60.
Take Profits:
TP1= @ 83.48
TP2= @ 83.15
TP3= @ 82.93
TP4= @ 82.68
TP5= @ 82.17
SL= Break below S2
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