AUD/JPY chart - Trading View
AUD/JPY was trading 0.28% higher on the day at 68.73 at around 10:15 GMT.
The pair has bounced off daily cloud support and formation of Dragonfly Doji on Monday's candle has raised scope for further upside.
Price action is now capped between 21 and 5 EMAs. Breakout will provide a clear directional bias.
GMMA indicator shows major and minor trend have gone neutral. Volatility is also low and shrinking.
Sideways grind to continue for now.Whipsaws around 55-EMA likely. Breakout above 110-EMA with support from indicators will take the pair higher.
On the flipside, weekly charts shows price action was rejected at 21W EMA. Break below daily cloud will support further bearishness.
Support levels - 68.46 (21-EMA), 68.01 (cloud top)
Resistance levels - 68.93 (55-EMA), 70.15 (21W EMA)


US Gas Market Poised for Supercycle: Bernstein Analysts
Wall Street Analysts Weigh in on Latest NFP Data
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
FxWirePro- Major European Indices
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD edges higher but bearish outlook persists
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro- Woodies Pivot(Major)
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
FxWirePro: NZD/USD sustains gains as uptrend remains strong 



