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Supports: 82.90; 82.62; 82.22
Outlook
Yesterday's bullish trend failed to advance even further, and today the bearish correction takes place. As for now, the AUD/JPY currency couple confronts the weekly PP at 82.90, which might slow down the downtrend, however, if it is breached, then next support at 82.62 (20-day SMA) might be the reversal point for the prevailing tendency. Moreover, RSI indicator remains neutral, therefore the currency pair is neither over-bought nor over-sold at the particular moment.
Traders' sentiment
SWFX market participants remain neutral about the AUD/JPY currency couple, as 55% of traders hold long positions and 45% of traders hold short positions. However, the distribution of orders shows that traders anticipate the Australian Dollar to gain value against the Japanese Yen, since 76% of traders ordered to buy and only 24% ordered to sell the aussie.