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Chart - Courtesy Trading View
Technical Analysis: Bias Neutral
- AUD/JPY was trading 0.16% higher on the day at 82.11 at around 11:50 GMT
- The pair finds stiff resistance at 200-DMA any further upside only on break above
- GMMA indicator shows major and minor trend are neutral on the daily charts
- Price action holds above 200H MA, break above 200-DMA will fuel further gains
Support levels - 81.91 (21-EMA), 81.85 (5-DMA), 81.52 (200H MA)
Resistance levels - 82.40 (200-DMA), 82.65 (50% Fib), 83
Summary: AUD/JPY struggles at 200-DMA resistance. Technical indicators do not provide a clear directional bias. Break above 200-DMA will change near-term dynamics.
