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  |   Technicals


FxWirePro: AUD/JPY Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: 

- AUD/JPY was trading 0.55% higher on the day at 90.66 at around 11:45 GMT

- Price action remains capped between 55-EMA and 21-EMA, breakout required for clear direction

- RSI is flat and below the 50 mark, Stochs are biased higher

- MACD is on verge of bullish crossover on signal line

- GMMA indicator shows major and minor trend are neutral

Support levels:

S1: 90.40 (5-DMA)

S2: 90.08 (55-EMA)

Resistance levels:

R1: 90.66 (21-EMA)

R2: 91

Summary: AUD/JPY trades within tight ranges between 55 and 21 EMA. Breakout required for clear direction. 

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