Chart - Courtesy Trading View
Technical Analysis:
- AUD/JPY was trading 0.68% lower on the day at 91.84 at around 16:30 GMT
- The pair is extending weakness for the 2nd consecutive session, bias bearish
- Price action has been rejected at 200-DMA, 5-DMA has turned
- Stochs has turned lower, Stochs are on verge of bearish rollover
- MACD is on verge of bearish crossover on signal line, Chikou span is biased lower
Support levels - 91.58 (55-EMA), 90.65 (55-week EMA)
Resistance levels - 92.26 (5-DMA), 93.06 (200-DMA)
Summary: AUD/JPY has turned bearish after rejection at 200-DMA. The pair is on track to test 55-EMA support at 91.58. Major weakness below daily cloud.
