AUD/JPY Intraday Trading Signal: Bearish Pressure Below 97.81
The AUD/JPY intraday signal highlights bearish momentum while the pair trades below the pivot resistance at 97.81. Sellers are expected to keep control as long as this level caps the upside.
From a technical perspective, indicators support the bearish outlook. The RSI is trading below 50, showing negative momentum. The MACD is also below its signal line and remains in negative territory, confirming downside pressure.
Price action further validates the bearish setup. The pair trades below both the 20-period moving average (97.76) and the 50-period moving average (97.82), signaling a short-term and medium-term downtrend. In addition, AUD/JPY is currently below its lower Bollinger Band at 97.58, reflecting oversold conditions but also reinforcing bearish control.
Trading plan for AUD/JPY intraday signal:
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Entry: 97.60
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Stop Loss: 97.95
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Target A: 97.30
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Target B: 97.13
If the pivot at 97.81 is broken to the upside, bullish potential could emerge. In such a case, price may test 98.04 and extend to 98.17, invalidating the bearish outlook.
Traders should also monitor market sentiment and upcoming economic events, as they may increase volatility and impact the AUD/JPY intraday signal.
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This signal provides detailed technical analysis, trading levels, and support/resistance zones to guide traders in making informed intraday decisions.