FxWirePro: AUD/JPY stuck between major moving averages, sideways grind to continue

Chart - Courtesy Trading View 

Technical Analysis: Bias Bearish

- AUD/JPY was trading unchanged at 89.63 at around 12:00 GMT, with session high at 90.12 and low at 88.45

- Weakness on account of bearish RSI divergence and overbought oscillators has found support at 110-EMA

- Price action is within the daily cloud and the pair remains stuck between 55 and 110 EMAs

- GMMA indicator shows minor trend is still bearish while major trend is neutral

Support levels:

S1: 87.72 (110-EMA)

S2: 84.32 (200-DMA)

Resistance levels:

R1: 90.00 (55-EMA)

R2: 91.17 (21-EMA)

Summary: AUD/JPY stuck between major moving averages, sideways grind to continue for a few sessions. Breakout will provide clear directional bias.