AUD/JPY chart on Trading View used for analysis
- AUD/JPY tests 21-EMA at 79.98, break above to see further upside.
- The pair has spiked 0.92% on the day and is trading at 80.00 at the time of writing.
- Technical indicators have turned bullish and we see scope for further upside.
- Stochs and RSI have turned higher and MACD is on verge of bullish crossover on signal line.
- We also evidence 'Bullish Divergence' on RSI and Stochs which adds to the bullish bias.
- Breakout at 21-EMA eyes 55-EMA at 80.57 ahead of daily cloud at 80.61. Rejection at 21-EMA could see weakness till 78.56.
- Investors look forward to BoJ on Wednesday for fresh directional impetus.
Support levels - 79.48 (5-DMA), 78.90 (lower BB), 78.56 (Oct 26 low)
Resistance levels - 80.57 (55-EMA), 81.30 (110-EMA), 82.31 (200-DMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
China’s Growth Faces Structural Challenges Amid Doubts Over Data
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
FxWirePro: EUR/AUD slips after surprise U.S. employment data
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro: EUR/AUD bears maintain upper hand
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
FxWirePro: AUD/USD range bound ahead of RBA policy decision
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 



