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Supports: 82.72; 82.12; 81.60
Outlook
The downtrend, which started yesterday, has ended, and today a bullish reaction takes place. AUD/JPY currency couple has already managed to break the weekly PP at 82.72 and now the price is slowly approaching the weekly R1 at 83.20, which might reverse the present trend. However, if it is breached, then next resistance at 83.84 (weekly R2) will probably bring some bearish impulse. Nevertheless, RSI indicator shows neutral signal, and current supports are at 82.72, 82.12 and 81.60 and they seem to be secure for now.
Traders' sentiment
Traders at SWFX market are rather neutral about the AUD/JPY currency couple, as 47% of traders hold long positions and 53% of traders hold short positions. In contrast, the distribution of orders clearly spots that traders expect the price to be bullish, since more than 90% of traders ordered to buy and only about 10% ordered to sell the aussie.