AUD/JPY chart - Trading View
Technical Analysis: Bias Neutral
- AUD/JPY was trading 0.15% higher on the day at 84.81 at 09:10 GMT
- The pair is extending sideways grind above 21-EMA support
- RSI is flat around 50 mark, ADX and MACD are inconclusive
- Price action is above cloud and major moving averages
- GMMA indicator shows major trend is bullish, while minor trend is neutral
- Bearish RSI divergence on the daily charts adds to the downside bias
Support levels - 84.62 (21-EMA), 84.12 (55-EMA), 83.71 (Cloud base)
Resistance levels - 84.75 (200-month MA), 85.11 (Upper BB), 86
Summary: AUD/JPY finds major resistance at 200-month MA which is capping upside from the past 4 months. Decisive break above required for upside continuation. On the flipside, retrace below cloud will change near-term dynamics.
