AUD/JPY trades slightly weak despite the RBA rate pause. Reaching an intraday low of 97.66, it now trades at around 97.701. The intraday trend remains bullish as long as the support at 97.24 holds.
The pair is trading above the 55 and 200 EMA (long-term) on the 4-hour chart, confirming a bullish trend. Any close below 97.65 indicates the intraday trend is weak. A dip to 97.25/96.75/96.30/96/ 95.50/95/94.40/93.95/93 is possible. Immediate resistance is at 98.20, a breach above this level targets 98.50/98.75/100/100.42.
Market Indicators ( 4-hour chart)
CCI (50)- Bullish
Directional movement index - Neutral
Trading Strategy: Buy
It is good to buy on dips around 97.68-70 SL around 97.20 for a TP of 100.


FxWirePro- Major European Indices
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
FxWirePro: USD/ZAR loses momentum but outlook is bullish
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
FxWirePro- Major Pair levels and bias summary
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro: EUR/ NZD loses momentum but outlook is bullish 



