AUD JPY Technical Analysis Chart Forex Trend Forecast Currency Graph Trading signals Tips Strategies Recommendations- AUDJPY coming down from strong resistance after giving bull rally, close watch currency will show further strength once it closes above 98.65, till then will see zig zag moves. (Updated on 12th September 2014, Friday).

AUDJPY

• As per previous report published on AUDJPY, Current showed sharp bull rally after breaking its head and shoulder formation @ 96.50 and AUDJPY touched its resistance @ 98.70 as mentioned. (Click here to see previous report published on AUDJPY).
• Now as per current analysis, AUDJPY is witnessing weakness from its resistance @ 98.70 its 161.8% fibonacci retracement, chart indicates as long as currency trades below weakness expecting, bulls will have grip once again if closes above its 161.8% fibonacci retracement (as shown in chart no1).
• Also See - Dow Jones Index facing trend line resistance at current levels, further strength expecting once it closes above.
• Currency major trend indicator "MACD" is still moving in positive zone, as long as its in positive zone bulls will be active , even AUDJPY is trading above 20 DMA, so far bulls will be favored as per technical indicators shown in chart no2.
• Suggested Reading - Investing in penny stocks.
• As per chart no3, if currency falls from current levels then will find support around 96.85, 96.30 and 85.70 (level as per fibonacci retracement).
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