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      AUD/JPY Bounces From Support Near 109

      Gerik

      Traders' Opinions

      Summary:

      AUD/JPY is trading around 109.00–109.40, holding above key support around the 109 handle and showing bullish momentum on short timeframes....

      Buy

      AUDJPY

      End Time
      CLOSED

      109.101

      Entry Price

      109.800

      TP

      108.500

      SL

      109.106 -0.625 -0.57%

      358

      Points

      Profit

      108.500

      SL

      109.459

      CLOSING

      109.101

      Entry Price

      109.800

      TP

      Market Overview

      AUD/JPY has recently maintained a positive bias as the Australian dollar stays elevated against the Japanese yen amid broader currency trends, including a weaker yen and relative strength in commodity-linked currencies. The pair is trading above the 100-day EMA, a dynamic support level commonly used by technical traders to gauge trend continuation. This structural positioning supports the idea that dips toward support may offer potential upside continuation for AUD/JPY.

      Market Sentiment

      Sentiment toward AUD/JPY on short timeframes is bullish-leaning, based on recent technical readings from momentum indicators such as RSI and MACD, which show buy signals. Analysis from Investing.com suggests that the pair’s momentum is supportive, with moving averages also signaling Buy bias. Traders positioning for continuation often look for pullbacks toward support levels as entry points before up-moves toward nearby resistance. 

      Technical Analysis

      AUD/JPY Bounces From Support Near 109_1
      On the M15 timeframe, price has shown resilience above the psychological 109.00 support level, which acts as a short-term base. Resistance lies near 110.00–110.80, where prior highs may cap gains, but momentum remains with buyers as long as the pair stays above support. Indicators show that the immediate range favors continuation higher, with bullish technical markers suggesting room for upside following intraday strength. 

      Trade Recommendation

      Entry: 109.10
      Take Profit: 109.80
      Stop Loss: 108.50
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

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