Refer AUD/JPY chart on Trading View
- AUD/JPY retrace from multi-month lows at 79.70 hit stiff resistance at 1H 110-EMA.
- The pair has extended side ways grind after rejection at 1H 110-EMA resistance, edges lower from session highs at 80.72.
- Technical indicators on intraday charts are neutral, price is consolidating break above hourly cloud.
- 5-DMA at 80.42 is immediate support and break below will see drag till 80 (strong trendline support). Close below 80 mark could see further weakness.
- On the flipside, break above 1H 110-EMA finds next major resistance at 38.2% Fib at 81.06. Break above could see test of 21-EMA. Further upside only on break above.
Support levels - 80.26 (hourly cloud), 80, 79.70 (Aug 15 low)
Resistance levels - 80.65 (1H 110-EMA), 81.06 (38.2% Fib), 81.21 (1H 200 SMA)
Recommendation: Stay short on break below hourly cloud, SL: 80.65, TP: 80/ 79.70
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 60.2307 (Neutral), while Hourly JPY Spot Index was at 67.7591 (Neutral) at 0745 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD moves lower on weak UK data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro:EUR/AUD eases but bullish outlook persists 



