AUD/JPY moving towards lower Bolinger band at 81.22

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Resistances: 81.78; 82.33; 82.54
Supports: 81.22; 81.07; 80.24

Outlook
The bearish trend, which started a week ago, successfully continues, and today the AUD/JPY currency pair experiences another consequent movement downwards. At the particular moment, the price slowly advances towards the lower Bollinger band at 81.22, which is expected to bring some bullish impulse. In case it is broken, then next support at 81.07 (weekly S1) will probably reverse the prevailing downtrend. Additionally, RSI indicator remains neutral, and current resistances are at 81.78, 82.33 and 82.54.

Traders' sentiment
Traders at SWFX market expect the Australian Dollar to gain value against the Japanese Yen, as 64% of traders hold bullish positions and only 36% of traders hold bearish positions. The situation with orders is quite similar, since 73% of traders ordered to buy and only 27% ordered to sell the aussie.

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