Short term trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 100.57
Kijun-Sen level: 100.49
Ichimoku cloud top: 100.49
Ichimoku cloud bottom: 100.56
AUD/JPY is facing major resistance around 101.35 and any trend reversal can happen only above 101.35 and any break above will target 102/102.40 in short term.
The Pair’s minor support is around 99.90 and any break below would extend loss to 99.02 (61.8% retracement of 99.91 to 101.34). Minor resistance is around 101.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell AUD/JPY around 100.33-38, SL 101.01, Targets 99.71/99.02
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 100.57
Kijun-Sen level: 100.49
Ichimoku cloud top: 100.49
Ichimoku cloud bottom: 100.56
AUD/JPY is facing major resistance around 101.35 and any trend reversal can happen only above 101.35 and any break above will target 102/102.40 in short term.
The Pair’s minor support is around 99.90 and any break below would extend loss to 99.02 (61.8% retracement of 99.91 to 101.34). Minor resistance is around 101.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell AUD/JPY around 100.33-38, SL 101.01, Targets 99.71/99.02