FxWirePro: AUD/JPY Trade Idea

FxWirePro Currency Strength Index for AUD/JPY : Bias Bullish
FxWirePro's Hourly AUD Spot Index was at 133.654 (Bullish)
FxWirePro's Hourly JPY Spot Index was at -144 (Bearish)

Technical Analysis: Bias Bullish
- Stochs have rolled over from oversold levels
- RSI has edged above 50, bias higher
- MACD shows bullish crossover on signal line
- Price action has broken above 21-EMA, bias higher

Support levels - 80.38 (21-EMA), 79.84 (5-DMA), 78.68 (Sept 7 low)
Resistance levels - 81.19 (55-EMA), 81.97 (100-DMA), 82

Recommendation: Good to go long on dips around 80.50, SL: 79.80, TP: 81.20/ 81.85/ 82

For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.