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Supports: 82.55; 82.11; 82.00
Outlook
The bullish trend, which started on August 12th, continues its movement upwards, and now the AUD/JPY currency pair confronts the weekly PP at 82.76, which might slow down the rally. In case it fails to reverse the trend, then next resistance at 83.06 (monthly R1) is very likely to bring some bearish momentum. As for now, RSI indicator shows neutral signal, therefore the currency couple is neither over-bought nor over-sold at the particular moment.
Traders' sentiment
SWFX market participants retain mixed feelings regarding AUD/JPY, since 53% of traders hold long positions and 47% of traders hold short positions. However, the distribution of orders clearly spots that traders expect the aussie to gain value against the Japanese Yen, as almost 80% of traders ordered to buy and only 20% of traders ordered to sell the Australian Dollar.