AUD/JPY Technical Analysis: Bias Bullish
- Breaks above 110-EMA at 83.12 and major trendline resistance at 83.35
- Holds above 5-DMA support at 83.11, price action edges above daily cloud
- Momentum bullish, RSI strong above 60, bias higher, Bollinger bands are widening
- +ve DMI dominance, ADX rising in support of uptrend
Support levels - 83.13 (converged 5-DMA and 110-EMA), 82.50 (100-DMA), 82
Resistance levels - 83.78 (38.2% Fib), 84, 84.60 (200-DMA), 84.79 (50% Fib)
Good to go long around 83.50, SL: 83, TP: 83.80/ 84/ 84.50
- Breaks above 110-EMA at 83.12 and major trendline resistance at 83.35
- Holds above 5-DMA support at 83.11, price action edges above daily cloud
- Momentum bullish, RSI strong above 60, bias higher, Bollinger bands are widening
- +ve DMI dominance, ADX rising in support of uptrend
Support levels - 83.13 (converged 5-DMA and 110-EMA), 82.50 (100-DMA), 82
Resistance levels - 83.78 (38.2% Fib), 84, 84.60 (200-DMA), 84.79 (50% Fib)
Good to go long around 83.50, SL: 83, TP: 83.80/ 84/ 84.50