AUD/JPY Intraday Signal: Bearish Bias Below 98.34
The AUD/JPY pair remains under selling pressure as long as the price trades below the pivot level at 98.34. Market sentiment has turned cautious, with momentum indicators signaling a weakening bias. The RSI remains below 50, confirming bearish momentum, while the MACD trades below its signal line—still positive but threatening to cross into negative territory, which would reinforce further downside momentum.
The pair is currently positioned below both its 20-period and 50-period moving averages (around 98.27 and 98.12), reflecting sustained short-term weakness. As long as 98.34 caps the upside, the bias remains bearish, and traders should watch for a continuation toward 97.70 and 97.37.
On the flip side, a clear break above 98.34 would ease downside pressure and open the way for a corrective rebound toward 98.65 and 98.84, though such a move would likely remain limited unless bullish momentum builds significantly.
Enter: Short below 98.34
Stop-Loss (SL): 98.65
Target A: 97.70
Target B: 97.37
