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AUD/JPY chart - Trading View
Technical Bias: Bullish
- Price action is extending break above 20-DMA
- Dragonfly Doji formation on the previous session's candle aids upside
- GMMA indicator show major trend is bullish and minor trend had shifted bullish
- Momentum studies are bullish, RSI is above 50 mark and supports upside
Support levels - 83.79 (20-DMA), 83.51 (21-EMA), 83.37 (5-DMA)
Resistance levels - 84.66 (200-month MA), 85.17 (Upper BB), 86.83 (88.6% Fib)
Summary: AUD/JPY is grinding higher for the 4th straight session. Pullback has held above 50-DMA support. The pair is set to resume upside, scope for test of 88.6% Fib at 86.83.
