The primary trend of AUDJPY is bearish on charts. In its hourly chart, the pair is sustaining below its falling trend line. It is consolidating with strong positive bias and is likely to show upside movement. Its 30 DMA is also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 84.55. If it breaks its resistance level and sustains above its falling trend line then we can expect it to show upside movement.
INDICATORS:- RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.
STRATEGY: AUDJPY is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions