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AUD/JPY chart - Trading View
AUD/JPY has paused 4-day losing streak and was trading 0.83% higher at 73.86 at around 08:00 GMT.
The pair has erased loses and edged higher from session lows at 72.52. Scope for upside resumption.
Analysis of GMMA indicator show major trend is bullish, while minor trend has turned neutral.
Price action finds strong support at 200-DMA at 72.25. Bearish continuation only on break below.
The pair has retraced dip below 2H 200 SMA. Bullish Tenkan crossover on Kijun Sen supports upside.
RSI converges nicely with price action, but Stochs shows some bearish divergence. Break below 200-DMA could accentuate weakness.
Major Support: 72.24 (200-DMA)
Major Resistance: 75.72 (Cloud top)
