AUD/JPY trades slightly weak as yen recovers. Reaching an intraday low of 97.665, it now trades at around 97.701. The intraday trend is still bullish as long as support at 97.24 holds.
The pair is trading above 55 and 200 EMA and 365 EMA (long-term) on the 4-hour chart, confirming a bullish trend. Any close below 97.70 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: AUD/USD range bound ahead of RBA policy decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
FxWirePro:' USD/CAD faces downside risk below 1.4000
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: AUD/USD eases as investors switch focus to RBA
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
FxWirePro- Woodies pivot (Major) 



