AUDJPY Bullish Bias Intact: 105.80 Support = Golden Buy Zone

AUDJPY trades flat with positive bias. As long as support 105.80 holds, the intraday trend is bullish. Having already achieved a session high of 106.49, it is presently trading around 106.45.

Oscillators and moving averages to forecast the trend of AUDJPY

CMP- 106.45

EMA (4-hour chart)

55-EMA- 105.83

200-EMA- 104.41

365-EMA- 102.99. The pair trades above short and above  long term moving average.

Major Support- 105.80. Any breach below 105.80 will drag the pair down to 105.35/105/104.70/104.35/103.80/103.50/103.

Major resistance - 106.50. Any break above 106.50 confirms minor bullishness, a jump to 106.75/107/107.77/108/109 is possible.

Indicator (4-hour chart)

CCI (50)-  Bullish

Average directional movement Index-  Bullish. All indicators confirm a bullish trend.

It is good to buy on dips around 105.70-75 with SL 105 for TP of 107.