AUD/JPY chart - Trading View
AUD/JPY is extending winning streak for the 4th consecutive session, hits 8-week high at 69.38.
The pair is showing a breakout at 55-EMA resistance which has been capping upside since 2 weeks.
Momentum studies are bullish, price action has edged above daily cloud and 55-EMA breakout reinforces upside bias.
Aussie has largely ignored downbeat China’s Industrial Profits data and remains buoyed amid risk reset across markets.
The pair is on track to test 61.8% Fib at 70.17 and further upside is seen only above 110-EMA (70.59).
On the flipside, failure to hold above 55-EMA negates any bullish bias. Retrace below 21-EMA will see downside resumption.
Support levels - 68.88 (55-EMA), 67.97 (21-EMA), 67.65 (20-DMA)
Resistance levels - 70.17 (61.8% Fib), 70.35 (21W EMA), 70.59 (110-EMA)
Guidance: Good to go long on dips around 68.85/68.90, SL: 68.40, TP: 70.15/ 70.35


Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Urban studies: Doing research when every city is different
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
US Gas Market Poised for Supercycle: Bernstein Analysts
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 



