AUDJPY holds above 104 on yen weakness. Intraday trend is bullish as long as the support at 103.80 holds. Trading at 104.229 at the present, it reached an intraday high of 104.3.1
Oscillators and moving averages to forecast the trend of AUDJPY
CMP- 104.23
EMA (4-hour chart)
55-EMA- 103.19
200-EMA- 102.03
365-EMA- 100.86. The pair trades above the short-term and the long-term moving average.
Major Support- 103.80. Any breach below 103.80 will drag the pair down to 103.50/103/102.79/102.25/102/101.40/100.98/100.35/100/99.70.
Major resistance - 104.50. Any break above 104.50 confirms minor bullishness; a jump to 105/106 is possible.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index- Neutral. All indicators confirm a mixed trend. trend.
It is good to buy on dips around 103.80 with SL 103 for TP of 106.


FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major European Indices
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/ZAR edges higher but bearish outlook persists 



