As the yen lost its force, AUDJPY regained over 200 pips. As long as support 106.50 holds, the intraday trend is upward. It is now trading at about 107.79, having reached a high of 108.58 yesterday.
Oscillators and moving averages to forecast the trend of AUDJPY
CMP- 107.79
EMA (1-hour chart)
55-EMA- 107.19
200-EMA- 105.57
365-EMA- 104.03. The pair trades above short and long-term moving averages.
Major Support- 107.50. Any breach below 107.50 will drag the pair down to 107/106/105.44/105/104.70/104.35/103.80/103.50/103.
Major resistance - 108. Any break above 108 confirms minor bullishness; a jump to 108.60/109/110 is possible.
Indicator (1-hour chart)
CCI (50)- Bullish
Average directional movement Index- neutral. All indicators confirm a neutral trend.
It is good to buy on dips around 107 with SL 106 for TP of 110.


FxWirePro -Major European Indices
FxWirePro: USD/ZAR rebounds strongly, upside pressure builds
FxWirePro- Major European Indices
Pound Under Pressure: GBPJPY Pauses Five-Day Rally for Tactical Profit Booking
Aussie Ascent: AUDJPY Bulls Target 115.00 Following Broad-Based AUD Buying
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/USD drops towards 1.3350 level, heads deeper into bear territory
FxWirePro: EUR/ NZD stays range-bound but maintains bearish bias
NZDJPY Holds Firm: Bullish Bias Intact Despite Temporary Top at 94.18
FxWirePro: GBP/AUD under pressure , knocking on door of key support
Bitcoin Teeters Near USD 70,000 as USD 245 Million Liquidation Wave Rocks Crypto Markets
Sterling Surge: GBPJPY Eyes 214.00 as Yen Weakness Fuels Five-Day Rally
FxWirePro: USD/CNY recovers slightly from early decline but bears are not done yet
FxWirePro: GBP/USD dips after US CPI data, key support level in focus
FxWirePro: EUR/AUD falls below 1.6200 level, plunge to test a key fibo grows 



