AUD/JPY chart on Trading View used for analysis
- AUD/JPY is trading largely muted on the day. Doji formation seen on the daily candle.
- The pair is consolidating break below 200-DMA and bias remains bearish.
- Technical analysis is biased lower. 5-DMA has turned south.
- RSI has slipped below 50 mark and is biased lower. Stochs show bearish momentum.
- MACD shows bearish crossover on signal line and recovery remains capped below 200-DMA.
- Bears target 61.8% Fib at 80.60. Retrace above 200-DMA could see some upside.
Support levels - 81.22 (50% Fib), 80.60 (61.8% Fib)
Resistance levels - 81.87 (200-DMA), 82, 82.32 (5-DMA)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-JPY-Trade-Idea-1468702) has hit TP1.
Recommendation: Book partial profits at lows, stay short.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro: GBP/NZD gains some upside momentum but still bearish
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro- Woodies Pivot(Major)
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
European Stocks Rally on Chinese Growth and Mining Merger Speculation
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Stock Futures Dip as Investors Await Key Payrolls Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 



