AUD/JPY chart - Trading View
AUD/JPY was trading largely unchanged on the day at 81.68 at around 13:50 GMT.
The Aussie remains depressed on coronavirus fears and amid looming Australian-Sino tensions. Coronavirus cases spike in Australia.
Risk-on environment undermined the safe-haven demand for Japanese yen and extended support to the pair, limiting downside.
The pair was rangebound with session high at 81.83 and low at 81.54, hovers around 110-EMA.
Upside was capped at 200-DMA on Friday's trade, decisive break above required for upside continuation.
Technical indicators support upside. Momentum is with the bulls. GMMA indicator shows minor trend has turned bullish.
Price action has re-entered the daily cloud, decisive break above 200-DMA will see upside continuation.
Next major hurdle for bulls above 200-DMA lies at cloud top at 82.52 ahead of 61.8% Fib at 82.78. Rejection at 200-DMA and retrace below 55-EMA negates any further upside.
