FxWirePro
Long

AUD/JPY struggles at 21-DMA 79.59, buy breakout above

FX:AUDJPY   Australian Dollar / Japanese Yen
179 0 9
AUD/JPY             has broken major trendline resistance at 79.25, and edged higher to test session highs at 79.60.

Pair struggling to extend gains further, 21-DMA at 79.59 is capping upside. Break above needed for further upside.

Upbeat sentiment around the Asian equity markets and talks of possible delay in sales tax hike weighing on the Yen.

Data released earlier today showed Aussie home sales dropped to from 8.9% to -4.7% in April. AUD/JPY             unlikely to find much support.

Technically, intraday charts support upside, RSI and Stochs have a slight upside bias.

Next major support and resistance for the pair are seen at 79.27 (5-DMA) and 79.96 (May 20th highs) respectively.

Good to buy breakout above 79.60, SL: 79.25, TP: 79.95/80/80.45

On the flipside, close below 79.25 could see downside upto 78.40 ( trendline ).
Trade closed: target reached
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out