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Supports: 82.57; 82.02; 81.79
Outlook
AUD/JPY has already for some time been following the rising wedge pattern, and now the price has almost reached the upper end of the wedge, therefore a soon breakaway could be expected. Today the bearish trend renewed its movement, and now the currency couple is slowly moving towards weekly PP at 82.57, which might reverse the bearish tendency, however, in case it is breached, then the next support at 82.02 (200-day SMA) will probably bring some bullish momentum. At the moment, RSI indicator shows neutral signal, and it will probably remain neutral in the nearest future.
Traders' sentiment
Traders at SWFX market have mixed feelings about AUD/JPY, as 56% of traders hold long positions and 44% of traders hold short positions. The distribution of orders is rather similar, since 41% of traders ordered to buy and 59% of traders ordered to sell the Australian Dollar.