AUD/JPY chart - Trading View
AUD/JPY was trading 0.07% higher on the day at 80.53 at around 12:00 GMT, after closing 0.15% higher in the previous session.
The pair is consolidating break below 200-DMA and outlook remains bearish. Bulls struggle to build on previous session's hammer formation.
Disappointing Australia Retail Sales data and escalating covid woes keep the antipodean depressed.
Australia's Retail Sales disappoint dropped by 1.8% in June, much more than a drop of 0.5% expected.
Analysts now forecast Australia's growth at 0.1% Q/Q, compared with 0.9% predicted in April, in light of the extended lockdowns and slow vaccination.
Further, escalating US-Sino tensions and virus woes keep risk sentiment sour and investors away from risky assets.
Momentum studies are bearish, recovery lacks traction, scope for further downside. Next major support lies at 200-week MA at 78.75.
On the flipside, 5-DMA is immediate resistance at 80.83. Bearish invalidation only above 200-DMA.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro- Woodies Pivot(Major)
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: USD/CNY downside pressure builds, key support level In focus 



