FxWirePro: AUD/JPY Daily Outlook

AUD/JPY chart - Trading View 

AUD/JPY recovery has likely run out of steam, the pair edges lower for the 3rd straight session.

Upside was capped at 55-EMA, technical indicators are turning bearish on the daily charts.

RSI has stopped its climb higher and is currently flat-lined at 50 levels.

Stochs are at overbought levels and on verge of rollover into neutral territory.

The pair is currently holding support at 21-EMA at 75.263. Break below will see major downside.

Next major support lies at 61.8% Fib at 74.45. Break below will see dip till trendline support at 73.15.

Major trend is bearish. 55-EMA is strong resistance, upside only on break above. 

Support levels - 75.26 (21-EMA), 74.45 (61.8% Fib), 73.15 (trendline)

Resistance levels - 75.54 (5-DMA), 76.12 (55-EMA), 76.84 (38.2% Fib)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.