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AUD/JPY chart - Trading View
AUD/JPY was trading 0.46% higher on the day at 81.12 at around 12:15 GMT, bias is bullish.
The pair is extending break above 200-DMA and is on track to test 76.4% Fib at 83.12.
Analysis of GMMA indicator shows major and minor trend are strongly bullish on the daily and weekly charts.
Price action has held support at 21-EMA. Any close below 21-EMA will see some downside.
Volatility is rising as evidenced by widening Bollinger bands. MACD is on verge of bullish crossover on signal line.
Oscillators are strongly bullish. Stochs and RSI are sharply higher and RSI shows strength in the current uptrend.
The pair has ended consolidation and has resumed uptrend. Scope for test of 76.4% Fib at 83.12.
