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Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
- AUD/JPY was trading 0.57% higher on the day at 91.46 at around 11:05 GMT
- The pair is extending break above 21-EMA, scope for further upside
- Momentum is bullish, Stochs and RSI are biased higher
- MACD shows bullish crossover on signal line, Chikou span is biased higher
- Positive DMI crossover on Negative DMI adds to the upside bias
Support levels:
S1: 90.76 (21-EMA)
S2: 90.14 (55-EMA)
Resistance levels:
R1: 91.80 (50-DMA)
R2: 92.92 (Cloud top)
Summary: AUD/JPY trades with a bullish bias. Bulls eye 50-DMA, break above to fuel further gains.
