Intraday trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 100.87
Kijun-Sen level: 100.82
Ichimoku cloud top: 100.53
Ichimoku cloud bottom: 100
AUD/JPY made a high of 101.18 and has slightly retreated from that level. Intraday trend is bullish as long as Support 100 (Cloud bottom) holds.
Any indicative break will take the pair to 102/102.95 (61.8% projection of 91.75 to 99.70 from 98.04).
The break below 100 will target 99.25/98.70. Short term trend reversal only below 98.
Recommendation: Buy AUD/JPY around 100.85-90, SL 100, Target 102/102.95.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 100.87
Kijun-Sen level: 100.82
Ichimoku cloud top: 100.53
Ichimoku cloud bottom: 100
AUD/JPY made a high of 101.18 and has slightly retreated from that level. Intraday trend is bullish as long as Support 100 (Cloud bottom) holds.
Any indicative break will take the pair to 102/102.95 (61.8% projection of 91.75 to 99.70 from 98.04).
The break below 100 will target 99.25/98.70. Short term trend reversal only below 98.
Recommendation: Buy AUD/JPY around 100.85-90, SL 100, Target 102/102.95.