Chart - Courtesy Trading View
AUD/JPY was trading 0.13% lower on the day at 94.15 at around 11:15 GMT, outlook is bullish.
Australian dollar unimpressed by firmer Aussie NAB data, the pair remains rangebound above daily cloud support.
National Australia Bank’s Business Conditions data for July rose to 20, versus 15 market consensus and 13 prior. Business Confidence index matched 7 forecasts while rising past 1 prior.
On the contrary, Westpac Consumer Confidence Index for August eased to 81.2, below 83.8 prior.
On the other side, Bank of Japan (BOJ) policymakers remain concerned about the subdued Labor Cost Index. Higher wage prices are critical to keeping the inflation rate above 2%.
The challenge of keeping the inflation rate above the desired levels despite the prolonged monetary easing will keep the yen bulls on the back foot.
Support levels:
S1: 93.92 (20-DMA)
S2: 93.15 (55-EMA)
Resistance levels:
R1: 95
R2: 95.75 (July high)
Summary: AUD/JPY is consolidating break above daily cloud. Technical indicators support upside in the pair. Bullish invalidation likely on retrace below cloud.


ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: NZD/USD downside pressure builds, key support level in focus
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro-Major European Indices
FxWirePro- Major European Indices
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 



