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FxWirePro: AUD/ USD strongly bearish despite upside attempts 
FxWirePro- Major European Indices 
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Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
USDJPY trades higher for 2nd consecutive days and holds above 107 level. The pair has broken 107.09 level and hit high of 107.23 yesterday on US-China trade optimism. The easing of the trade war has reduced demand for Safe-haven assets like yen, gold. It is currently trading around 106.96.
Technically, the pair is facing strong resistance around 107.28 (300-8 H EMA) and any break above will take the pair to next level till 107.86/108.40.
On the flip side, the near term major support stands around 106.90 (200- 8H MA) and any violation below 106.56/106.21.
It is good to buy on dips around 106.80-85 with SL around 106.21 for the TP of 108.40.
