AUDJPY Daily: downward continuationDue the last results from China and the Australian economy not doing well it seems we probably see the JPY continuing its bearish move heading to re-test the Daily Support. On the other hand the JPY got a boost after the Labor Cash Earning showed 3.6% growth and they said the Japanese economy is in recovering mode. On Friday we have the NFP what can, maybe, change this picture but until then the AUDJPY should remain bearish.
On the technical side, the RSI seems to be heading to the 30 level and price had a strong break on the 98.914 previous Support level and closed yesterday showing the bears full control.