Intraday trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 101.70
Kijun-Sen level: 101.76
Ichimoku cloud top: 101.56
Ichimoku cloud bottom: 101.58
AUD/JPY made a high of 102.10 (near upper Bollinger band) and retreated till 101.45 (Lower Bollinger band). Overall trend is weak as long as resistance 102.10 holds.
The major support is around 101.25 and any break below will target 100.72/100.49 (200 day HMA).
The break of 102.10 would extend gain to 102.81/103.09 in the short term.
Recommendation: Sell AUD/JPY around 101.75, SL 102.11, Target 100.49.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 101.70
Kijun-Sen level: 101.76
Ichimoku cloud top: 101.56
Ichimoku cloud bottom: 101.58
AUD/JPY made a high of 102.10 (near upper Bollinger band) and retreated till 101.45 (Lower Bollinger band). Overall trend is weak as long as resistance 102.10 holds.
The major support is around 101.25 and any break below will target 100.72/100.49 (200 day HMA).
The break of 102.10 would extend gain to 102.81/103.09 in the short term.
Recommendation: Sell AUD/JPY around 101.75, SL 102.11, Target 100.49.