The AUD/JPY declined slightly as the Australian dollar dropped due to profit booking. It reached an intraday high of 97.50 and is currently trading around 97.372. The intraday trend remains bullish as long as support at 96.40 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 violation below 96.60 indicates the intraday trend is weak. A dip to 96.30/96/ 95.50/95/94.40/93.95/93 is possible. Immediate resistance is at 97.50, a breach above this level targets 98/98.75/100/100.42.
Market Indicators (4-hour chart)
CCI (50)- Bullish
Directional movement index -Neutral
Trading Strategy: Buy
It is good to buy on dips around 97 with SL around 96 for a TP of 98.75/100


FxWirePro: GBP/NZD edges higher but bearish outlook persists
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro- Major US Indices
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro- Woodies Pivot(Major)
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major) 



