AUDJPY has traded in a narrow range between 102.85 and 102.01 for the past three days. Intraday is positive as long as support 102 holds. It reached an intraday high of 102.67 and is currently trading around 102.618.
Oscillators and moving averages to forecast the trend of AUDJPY
CMP- 102.673
EMA (4-hour chart)
55-EMA- 101.97
200-EMA- 100.82
365-EMA- 99.79. The pair trades above the short and above long-term moving average.
Major Support- 102. Any breach below 102 will drag the pair down to 101.40/100.98/100.35/100/99.70/99/98.25/97.48/97/96/95/94.39.
Major resistance - 102.85. Any break above 102.85 confirms minor bullishness; a jump to 103.10/104/105 is possible.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index- Neutral. All indicators confirm a neutral trend. trend.
It is good to buy on dips around 102 with SL around 101.40 for TP of 104.


FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ CNY gains some upside momentum but still bearish
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Major US Indices
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: EUR/AUD poised for further downside after key fibo break 



