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Long

AUD/JPY Daily Outlook

FX:AUDJPY   Australian Dollar/Japanese Yen
21 0 2
Intraday trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 100.39
Kijun-Sen level: 100.08
Ichimoku cloud top: 99.26
Ichimoku cloud bottom: 99.08

AUD/JPY             has made a high of 100.83 and is slightly retreating from that level. Intraday trend is bullish as long as support 99.65 (resistance turned into support) holds.
On the downside break below will target 99.40/99. Short term bullish invalidation only below 98.
The pair is facing minor resistance around 101. Any indicative break above will target 102 (50% projection of 91.75 to 100.83 from 98.10).

Recommendation: Buy AUD/JPY             around 100.15, SL 99.65, Target 101/102.
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