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AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85 
- RES 4: 0.7935 (22nd May high
- RES 3: 0.7860 (200 day 4 HMA)
- RES 2 :0.7820 (Jun 3rd high)
- RES 1 : 0.7760 (7 day 4H EMA)
PRICE: 0.77486 @ 11:58 GMT
- SUP 1: 0.7720 (55 day 4 H EMA)
- SUP 2:0.7700 (20 day 4 HMA)
- SUP 3 : 0.7670 (61.8% retracement of 0.7597 and 0.7817)
- SUP 4:0.7590 (Jun 1st Low)
Commentary:
AUD/USD has made a high of 0.7817 and is retreating from that level. Overall trend is bullish as long as support 0.7680 holds
On upside the minor resistance is around 0.7760 and break above would extend gains till 0.7820/0.7860
Indicator (4 hour)
CCI (14) - Buy
CCI (50) - Sell
Ichimoku- Buy
It is good to buy at dips around 0.7740 for the target of 0.7815/0.7850 with stop around 0.7680.
