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Supports: 81.287; 80.293; 79.997
Outlook
Bullish tendency is still in action, and a new 3-month high has already been reached. AUD/JPY currency pair is about to confront an upper Bollinger band at 82.776, where it is likely to find a resistance level for the current upward trend. In case it is breached, then the next resistance at 83.066 (Monthly R1) will probably bring some bearish impetus. At the same time, RSI indicator remains neutral, meaning that AUD/JPY currency pair is neither over-bought, nor over-sold at the particular moment. On the other hand, supports are at 81.287, 80.293 and 79.997 and seem to be safe for now.
Traders' sentiment
Traders' sentiment at SWFX market remains neutral, as 52% of traders hold bullish positions and 48% of traders hold bearish positions, expecting that the Japanese Yen will appreciate against the Australian Dollar. However, the distribution of orders spots some further bullish expectations, since 68% of traders ordered to buy the aussie, therefore the pair should preserve current trend.