The course is back this morning on 87.50 points support (lower level formed on August 1st).
The pair is also back in the short term bearish slant (blue line on the 1 hour chart), but still above the resistance line (now support) from its previous average term bearish channel (pink lines on the graphs).
I would advise traders to trade only Shorts positions (for sale) on / AUD JPY as the course will be located under the 88.50 points.
Maintaining the current under 88 points consolidate this bearish sentiment.
A break of 87.50 point then offer a new sell signal for an extension of the downward movement in the direction of 87 points or lower if this level is broken down.
Under 87 points attention to the resistance line of the previous medium term bearish channel (pink lines) that could still support and help during bouncing directly above 87 points.
In case of return over the course of 88.50 point then I advise traders to wait for a breakout of 89 points (the highest trained early August) before entering / no longer be treated as Long positions (in purchase) on the AUD / JPY pair.
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