- AUD/JPY is extending recovery from multi-year lows at 79.21, however upside seems to have stalled at 82.80.
- Momentum indicators have turned positive for the pair:
- Stochs have rolled over from oversold territory with a bullish crossover
- MACD line shows a bullish crossover on the signal line
- RSI have nicely bounced-off 30 levels and biased higher
- 82 is strong support for the pair on the downside, breaks below could take the pair to 80.20 levels.
- FOMC and BoJ up next week are major risk events for the pair, expectations for easing at this meeting adding support to the upside in the cross.
Recommendation: Good to go long in the pair around 82.50/60, SL: 81.80, TP: 83.40/60


NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
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GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
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FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
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