AUDJPY Continues Its Downward Demand



After the bankruptcy of the US banks that shook the global markets, the Japanese Yen, strengthened by the demand for a safe haven, accelerated the downward movements in the parity. In the currency pair, which is under the Fibonacci 61.8% expansion level, we follow the permanence below the 87.75 level, which we follow as an intermediate support point in order to accelerate the declines, while 86.22 support can be on our radar if this is provided. On the other hand, we will be watching the 88.80 resistance in the possible recovery.