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Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- AUD/JPY was trading 0.36% higher on the day at 83.16 at around 13:00 GMT
- The pair is holding support at 200-DMA, break below to see more downside
- Minor recovery attempts rejected at 21-EMA, pair retreats with Doji at highs
- Momentum is bearish and volatility is high, likely to drive prices lower
Support levels - 82.88 (200-DMA), 82.55 (110-EMA), 82.03 (Cloud top)
Resistance levels - 83.43 (5-DMA), 83.76 (21-EMA), 84.32 (20-DMA)
Summary: AUD/JPY pivotal at 200-DMA support. Watch out for break below for further downside.
