The AUD/JPY showed a minor pullback after a minor dip below 365- H EMA. The pair breaks a trend line resistance at 97.75. It reached an intraday high of 98.09 and is currently trading around 97.931. The intraday trend remains bullish as long as support 97.25 holds.
The pair is trading below 55 and 200 EMA and 365 EMA (long-term) on the 1-hour chart, confirming a bullish trend. Any close below 97.60 indicates the intraday trend is weak. A dip to 97/96.75/96.30/96/ 95.50/95/94.40/93.95/93 is possible. Immediate resistance is at 98.20, a breach above this level targets 98.50/98.75/100/100.42.
Market Indicators ( 1-hour chart)
CCI (50)- Bullish
Directional movement index - Bullish
Trading Strategy: Buy
It is good to buy on dips around 97.78-80 SL around 97.20 for a TP of 100.


FxWirePro- Major Crypto levels and bias summary
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: NZD/USD downside pressure builds, key support level in focus
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: AUD/USD dips on soft China data
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Major European Indices
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 



