AUD/JPY chart - Trading View
AUD/JPY was extending gains for the 3rd straight session, edges above 200H MA, bias remains higher.
The pair buoyed by better-than-expected Australia employment data and risk-on market sentiment.
Data released early Thursday showed Australia's jobless rate fell more than expected in December to hit the lowest level since April 2020.
Australia's jobless rate ticked lower to 6.6%. The economy added 50K jobs as expected following a solid job gain of 90K in November. The Participation ticked higher to 66.2%, while full-time jobs grew by 35.7K.
Technical bias for the pair is strongly bullish. GMMA shows major and minor trend are bullish.
Pullback has bounced off 21-EMA support. The pair is consolidating above 200W MA and resumption of upside will see test of 78.6% Fib at 83.79.
