AUD/JPY chart - Trading View
Technical Analysis: Bias Bullish
- AUD/JPY trades 0.24% higher on the day at 81.75 at around 13:10 GMT
- The pair is extending break out of daily cloud, Chikou span is biased higher
- Momentum is strongly bullish, Stochs and RSI are biased higher
- MACD is above the zero level and supports upside, ADX is also in favour of bulls
- Volatility is high and rising as evidenced by widening Bollinger bands
- GMMA indicator shows major trend is neutral, but minor trend is bullish
Support levels - 81.33 (110-EMA), 81.25 (5-DMA), 80.87 (55-EMA)
Resistance levels - 81.84 (50% Fib), 82.28 (200-DMA), 82.78 (61.8% Fib)
Summary: AUD/JPY trades with a bullish bias. Scope for test of 200-DMA at 82.28. Break above 200-DMA will take the pair higher to 61.8% Fib at 82.78.
