- AUD/JPY has been struggling to break above stiff resistance at 21-EMA since the past few sessions.
- The pair is trading largely range bound on the day, with the day's high at 81.66 and lows at 81.32.
- Markets remain risk averse, keeping demand for JPY and hence downside pressure on the pair.
- The United States is due to impose the tariffs on Chinese exports.on July 6.
- China on the otherside has reiterated that the its retaliatory tariffs on US goods will take effect immediately after US tariffs on Chinese imports kick in.
- The Aussie has been struggling to develop bullish momentum against the Yen for several weeks.
- We see scope for test of major trendline support at 80.60. Break below will accentuate weakness. Next major bear target lies at 61.8% Fib at 79.26.
- On the flipside, breakout at 21-EMA could see upside till 110-EMA at 83.14. Breakout there could see continuation of upside.
Support levels - 81.37 (50% Fib), 80.60 (major trendline), 80, 79.26 (61.8% Fib)
Resistance levels - 81.58 (5-DMA), 81.87 (21-EMA), 82.40 (55-EMA), 83.14 (110-EMA)
Recommendation: Good to go short on break below 50% Fib (81.37), SL: 81.90, TP: 81/ 80.60/ 80.50.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -14.0797 (Neutral), while Hourly JPY Spot Index was at 26.5491 (Neutral) at 0345 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro- Major Pair levels and bias summary
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro- Woodies pivot (Major) 



