The AUD/JPY declined slightly on Australian weakness. It reached an intraday low of 97.25 and is currently trading around 97.354. The intraday trend remains bearish as long as the resistance at 98 holds.
The pair is trading below 55 and 200 EMA and 365 EMA (long-term) on the 1-hour chart, confirming a bearish trend. Any close below 97.20 indicates a weak intraday trend. A dip to 97/96.75/96.30/96/ 95.50/95/94.40/93.95/93 is possible. Immediate resistance is at 98, a breach above this level targets 98.50/98.75/100/100.42.
Market Indicators ( 1-hour chart)
CCI (50)- Bearish
Directional movement index - Bearish
Trading Strategy: Sell
It is good to sell on rallies around 97.68-70 SL around 98.10 for a TP of 95.50.


FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity
FxWirePro: USD/ZAR loses momentum but outlook is bullish
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains 



