FxWirePro
Long

AUD/JPY extends gains above 85 handle, short-term bias higher

FX:AUDJPY   Australian Dollar / Japanese Yen
132 0 4
AUD/JPY             extends rangebound between 84.00 and 86.38 March 13th high, while short-term bias remains bullish .

Renewed optimism on the Asian equities alongside a recovery in gold             and copper             prices underpin the sentiment around the resource-linked Aussie.

While the Japanese yen             remains weak on the back of risk-on rally in the Japanese stocks.

AUD/JPY             trades a rising triangle pattern on daily charts , while on the weeklies a falling channel pattern is evidenced.

Short-term bias for the pair is higher, upside scope lies till 86.40, breaks above could then see test of 86.70 and 87 levels.

On the downside, strong support lies at 84.40 (rising trendline ) and then at 84.12 (Mar 21st low).

Good to buy dips around 85.40, SL: 85, TP: 85.85/86/86.40
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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