The AUD/JPY broke the major resistance of 97.30 due to the weak yen after a long consolidation. It reached an intraday high of 97.33 and is currently trading around 97.215. The intraday trend remains bullish as long as support at 96 holds.
The pair is trading above 55 and 200 EMA and 365 EMA (long-term) on the 4-hour chart, confirming a bullish trend. Any violation below 96.60 indicates the intraday trend is weak. A dip to 96/ 95.50/95/94.40/93.95/93 is possible. Immediate resistance is at 97.50, a breach above this level targets 98/98.75/100/100.42.
Market Indicators (4-hour chart)
CCI (50)- Bullish
Directional movement index - Bullish
Trading Strategy: Buy
It is good to buy on dips around 97 with SL around 96 for a TP of 98.75/100


FxWirePro- Woodies Pivot(Major)
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Major Crypto levels and bias summary
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: USD/CAD pauses decline,critical support lies ahead
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices 



