AUD/JPY Intraday Signal: Bullish Bias While Above 96.95
AUD/JPY holds a bullish outlook as long as it trades above the pivot support at 96.95. The RSI is above 50, showing positive momentum, while the MACD is positive but remains below its signal line — a mixed configuration suggesting potential retracement before further gains. Price trades below its 20-period moving average (97.21) but above the 50-period (96.94), confirming short-term pressure yet medium-term support. If 96.95 holds, upside targets stand at 97.40 and 97.62. A break below 96.95 would expose 96.72 and 96.58.
Enter: 97.05
SL: 96.72
Target A: 97.40
Target B: 97.62