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Supports: 82.07; 81.91; 81.28
Outlook
AUD/JPY currency pair has ended its movement within the rising wedge pattern, as today a significant bearish reaction occurred. The price has already dropped below the weekly PP at 82.87, and now AUD/JPY is moving towards a 200-day SMA, which might slow down extension of the dip. In case it is broken, then next supports at 81.91 and 81.28 are very likely to bring some bullish impulse. Moreover, RSI indicator remains neutral, therefore the currency couple is neither over-bought nor over-sold.
Traders' sentiment
SWFX market participants maintain mixed feelings regarding AUD/JPY, as 55% of traders hold long positions, and 45% of traders hold short positions. The situation with orders is rather similar, since 44% of traders ordered to buy and 56% of traders ordered to sell the Australian Dollar.