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Chart - Courtesy Trading View
Technical Analysis:
- AUD/JPY was trading 0.55% higher on the day at 90.66 at around 11:45 GMT
- Price action remains capped between 55-EMA and 21-EMA, breakout required for clear direction
- RSI is flat and below the 50 mark, Stochs are biased higher
- MACD is on verge of bullish crossover on signal line
- GMMA indicator shows major and minor trend are neutral
Support levels:
S1: 90.40 (5-DMA)
S2: 90.08 (55-EMA)
Resistance levels:
R1: 90.66 (21-EMA)
R2: 91
Summary: AUD/JPY trades within tight ranges between 55 and 21 EMA. Breakout required for clear direction.
