AUD/JPY chart - Trading View
AUD/JPY was trading 0.28% higher on the day at 68.73 at around 10:15 GMT.
The pair has bounced off daily cloud support and formation of Dragonfly Doji on Monday's candle has raised scope for further upside.
Price action is now capped between 21 and 5 EMAs. Breakout will provide a clear directional bias.
GMMA indicator shows major and minor trend have gone neutral. Volatility is also low and shrinking.
Sideways grind to continue for now.Whipsaws around 55-EMA likely. Breakout above 110-EMA with support from indicators will take the pair higher.
On the flipside, weekly charts shows price action was rejected at 21W EMA. Break below daily cloud will support further bearishness.
Support levels - 68.46 (21-EMA), 68.01 (cloud top)
Resistance levels - 68.93 (55-EMA), 70.15 (21W EMA)


Geopolitical Shocks That Could Reshape Financial Markets in 2025
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Gold Pares Gains Amidst Dollar Strength; Technicals Signal Sell-on-Rally Opportunity
Bank of America Posts Strong Q4 2024 Results, Shares Rise
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity
FxWirePro- Woodies Pivot (Major)
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Bitcoin Surges Past $85,000 Amidst Rising Risk Appetite
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 



