AUD/JPY made a high of 93.95 and retreated till 93.28. Overall trend is bullish as long as support 92.85 (200 day HMA) holds.
On the downside slight weakness can be seen only below 92.80. Any break below will drag the pair further down till 92.15/91.57.
The pair’s minor resistance is around 94 and any indicative break would extend gains to 94.61/95.30.
Indicators (1 hour chart)
CCI (50) – Buy
CCI (14) – Sell
Ichimoku- Neutral
Recommendation: Buy AUD/JPY around 93.40, SL 92.80, Targets 94.55/95.25.
On the downside slight weakness can be seen only below 92.80. Any break below will drag the pair further down till 92.15/91.57.
The pair’s minor resistance is around 94 and any indicative break would extend gains to 94.61/95.30.
Indicators (1 hour chart)
CCI (50) – Buy
CCI (14) – Sell
Ichimoku- Neutral
Recommendation: Buy AUD/JPY around 93.40, SL 92.80, Targets 94.55/95.25.