AUD/JPY chart on Trading View used for analysis
- AUD/JPY extends break above 200-DMA, intraday bias higher.
- The pair has held strong support at 110-EMA support and we see weakness only on break below.
- A positive tone seen around the Asian equities today amid risk-on is keeping pressure on the Japanese yen, supporting the pair higher.
- Next major resistance lies at 38.2% Fib at 82.58, (38.2% Fib), break above to see test of 83.05 (Nov 8 high).
- On the flipside, 110-EMA is major support, break below to see further weakness.
Support levels - 81.89 (200-DMA), 81.50 (110-EMA), 81.04 (23.6% Fib)
Resistance levels - 82.58 (38.2% Fib), 83.05 (Nov 8 high), 83.82 (50% Fib)
Recommendation: Good to go long on dips around 82, SL: 81.50, TP: 82.55/ 83
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Pair levels and bias summary
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
China's Refining Industry Faces Major Shakeup Amid Challenges
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Wall Street Analysts Weigh in on Latest NFP Data
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro- Major Crypto levels and bias summary
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
AUDJPY Surges Amidst Yen Weakness, Key Resistance Ahead
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 



