AUD/JPY bounces off 82.61

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Resistances: 83.06; 83.28; 83.60
Supports: 82.61; 82.50; 82.00

Outlook
For a couple of weeks AUD/JPY has been following the rising wedge pattern, and yesterday's decline was stopped by a weekly PP at 82.61, where the price reversed its movement direction. As for now, the currency pair confronts monthly R1 at 83.06, which might slow down the bullish trend, but if it is breached, then next resistance at 83.28 (Psychological) will probably change the prevailing trend. Moreover, RSI indicator shows neutral signal, and current supports are at 82.61, 82.50 and 82.00, and they seem to be safe for now.

Traders' sentiment
Traders maintain mixed feelings about AUD/JPY, since 44% of traders hold long positions and 56% of traders hold short positions on the currency pair. The situation with orders is almost neutral, as 52% of traders ordered to buy and 48% of traders ordered to sell the aussie, expecting that the Australian Dollar will lose value against the Japanese Yen.