AUDJPY pared some of its gains on the strong yen.It hits an intraday low of 98.01 and is presently trading at around 98.07. The intraday trend is weak as long as the resistance at 99.50 holds.
Oscillators and moving averages to forecast the trend of AUDJPY
CMP- 98.09
EMA (4-hour chart)
55-EMA- 98.94
200-EMA- 97.97
365-EMA- 97.20. The pair trades below short and above long term moving average.
Major Support- 97.85. Any breach below 97.85 will drag the pair down to 97/96.51/96/95.
Major resistance - 99. Any break above 99 confirms minor bullishness; a jump to 99.50/100 is possible.
Indicator (4-hour chart)
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a bearish trend.
It is good to sell on rallies around 98.78-80 with SL around 99.50 for TP of 95.


FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Woodies Pivot(Major)
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro- Major Pair levels and bias summary
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



