AUD/JPY remains bullish

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Resistances: 83.06; 83.20; 83.84
Supports: 82.60; 82.14; 81.60

Outlook
The rally, which started yesterday, managed to advance even further, and now the AUD/JPY currency couple has already crossed the weekly PP at 82.60, and the price is gradually approaching the monthly R1 at 83.06, which might change the direction of the prevailing movement, however, if it is broken, then next resistance at 83.20 will probably bring some bearish momentum. Besides, RSI indicator remains neutral, and current supports are at 82.60, 82.14 and 81.60, and they seem to be secure for now.

Traders' sentiment
Traders at SWFX market are rather neutral towards the AUD/JPY currency pair, as 43% of traders hold long positions and 57% of traders hold short positions. However, the situation with orders spots high bullish trend expectations, since more than 86% of traders ordered to buy and only around 14% of traders ordered to sell the aussie.

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