AUD/JPY Intraday Signal: Watch 110.26
The AUD/JPY Intraday Signal remains constructive as long as price holds above the pivot support at 110.26. The broader configuration stays positive, with price trading above both the 20-period and 50-period moving averages, reinforcing the short-term uptrend structure. The MACD is above its signal line and in positive territory, supporting continued upside potential.
The RSI is currently above 70, signaling overbought conditions. This may indicate either a strong and sustained uptrend or the risk of a short-term corrective pullback. Traders should monitor potential bearish divergence signals while the bullish structure remains intact above the pivot.
Immediate resistance is located at 111.66. A sustained move toward this level would confirm continuation of the bullish intraday leg as long as 110.26 acts as support.
Trade Setup:
Enter: Long above 110.26
Stop-Loss (SL): 109.75
Target A: 111.20
Target B: 111.66
Description:
