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Supports: 83.06; 82.67; 82.25
Outlook
The bearish reaction, which occurred yesterday, failed to continue, and now the bullish trend is in action. The AUD/JPY currency pair already managed to breach monthly R1 at 83.06, and now the price is facing the upper Bollinger band at 83.49, which might bring some bearish impulse, however, if it fails to reverse the uptrend, then next resistance at 84.18 (weekly R2) is very likely to reverse the prevailing tendency. In addition, RSI indicator shows neutral signal, and present supports are at 83.06, 82.67 and 82.25, and they seem to be secure for now.
Traders' sentiment
SWFX market participants remain neutral about the AUD/JPY currency couple, as 48% of traders hold long positions and 52% of traders hold short positions. The situation with orders, however, shows strong bullish trend expectations, since 83% of traders ordered to buy and only 17% ordered to sell the Australian Dollar.