AUD/JPY chart - Trading View
AUD/JPY Technical Analysis: Bias Bullish
- Extends grind higher along 5-DMA support
- Stochs and RSI are sharply higher
- Price action above cloud and major EMAs
- Bollinger Bands widenning in support
- Bullish +ve DMI crossover on -ve DMI
Fundamental Factors:
- Unexpected jump in China trade surplus to $32.64 billion ($7.05 billion expected) supports gains.
Support levels - 79.51 (5-DMA), 79, 78.80 (cloud top)
Resistance levels - 80.25 (200-DMA), 80.71 (55W EMA), 81
Recommendation: Good to go long on dips, SL: 79.50, TP: 80.25/ 80.70
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
