AUDJPY holds well above 98 level despite US-China trade tension. It hits an intraday high of 98.40 and is presently trading at around 98.27. The intraday trend is bullish as long as support 97.60 holds.
Oscillators and moving averages to forecast the trend of AUDJPY
CMP- 98.26
EMA (1-hour chart)
55-EMA- 97.99
200-EMA- 98.34
365-EMA- 98.379. The pair trades above short and below long term moving average.
Major Support- 97.95. Any breach below 97.95 will drag the pair down to 97.60/97.25/96/95/94.39.
Major resistance - 98.60. Any break above 98.60 confirms minor bullishness, a jump to 99.50/100 is possible.
Indicator (4 hour chart)
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to buy on dips around 97.78-80 with SL around 97 for TP of 99.50/100.


FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
NZD/JPY Technical Outlook: Bearish Momentum Gains as Resistance Holds
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro:NZD/USD treads water as Iran uncertainty keeps traders on edge
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar 



