Short term trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 100.60
Kijun-Sen level: 100.55
Ichimoku cloud top: 100.65
Ichimoku cloud bottom: 100.73
AUD/JPY has recovered after making low of 100.11 and overall trend is bullish as long as support 100 holds.
The pair’s has broken major resistance around 100.88 (trend line resistance joining 102.82 and 101.34) and break of would extend gain to 101.36/102.10. AUD/JPY intraday support is around 100.55 (Kijun-Sen). Any intraday reversal can be seen only below that level.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy AUD/JPY around 100.95, SL 100.54, Target 101.36/102.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 100.60
Kijun-Sen level: 100.55
Ichimoku cloud top: 100.65
Ichimoku cloud bottom: 100.73
AUD/JPY has recovered after making low of 100.11 and overall trend is bullish as long as support 100 holds.
The pair’s has broken major resistance around 100.88 (trend line resistance joining 102.82 and 101.34) and break of would extend gain to 101.36/102.10. AUD/JPY intraday support is around 100.55 (Kijun-Sen). Any intraday reversal can be seen only below that level.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy AUD/JPY around 100.95, SL 100.54, Target 101.36/102.