AUD/JPY chart - Trading View
AUD/JPY has slipped lower from session highs at 78.78 and was trading 0.16% lower at 78.40 at around 09:00 GMT.
The pair is extending bull run for the 3rd straight week and prices have tested 61.8% Fib at 78.67.
AUD largely ignores Aussie-China tussle and extends gains across the board as Dalian iron-ore futures soar nearly 4.0% to 8.0% for most contracts.
Momentum studies are bullish. Stochs and RSI are sharply higher and keep scope for further gains.
Analysis of GMMA indicator shows major and minor trend are strongly bullish. Volatility is rising as evidenced by widening Bollinger bands.
Next bull target lies at 200-DMA at 79.23. Decisive break above to fuel further gains.
