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FxWirePro- Major Pair levels and bias summary 
AUD/JPY chart - Trading View
AUD/JPY has resumed upside after a brief pause, scope for further gains, 110-EMA at 70.55 in sight.
Japan’s Retail Trade and Industrial Production data that came in slightly better than the market consensus.
Japan’s industrial production came in at -3.7 pct vs -0.3 pct previous release (expected -5.0). While retail sales stands at -4.6 vs 1.6 previous release (expected -4.6 pct).
Downbeat China data and markets’ risk-off due to US President Donald Trump’s comments on the US-China trade deal exert downside pressure.
But technical indicators hold upside potential. Short-term moving averages have crossed over long-term moving averages in the GMMA indicator.
Momentum is strongly bullish and breakout above daily cloud reinforces bullish bias. Break above 110-EMA could see test of 200-DMA.
Retrace below 55-EMA negates bullish bias. Break below cloud will see downside resumption.
