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      AUD/JPY Holds Bullish Bias Above 109.00 Support

      Gerik

      Forex

      Traders' Opinions

      Summary:

      AUD/JPY is trading with bullish potential as the pair continues to find support above key levels around 109.00, and technical forecasts suggest constructive upside toward resistance near 110.80 if momentum continues...

      Buy

      AUDJPY

      End Time
      CLOSED

      109.101

      Entry Price

      109.800

      TP

      108.500

      SL

      109.071 -0.660 -0.60%

      226

      Points

      Profit

      108.500

      SL

      109.327

      CLOSING

      109.101

      Entry Price

      109.800

      TP

      Market Overview

      Recent analysis indicates that AUD/JPY retains bullish tone as the pair holds above the 100-day exponential moving average (EMA), which acts as a dynamic support level and helps sustain upward momentum. This bias suggests that dips toward support could attract renewed buying interest, particularly ahead of key macro data such as the Australian employment report, which can influence AUD strength. Above support, broader bullish drivers like interest rate expectations and carry flows continue to underpin buyers. 

      Market Sentiment

      Technical sentiment on AUD/JPY remains cautiously optimistic, with key indicators showing steady momentum without extreme overbought conditions. Forecasts highlight that the pair’s ability to stay above critical support around 109.00 signals underlying strength and keeps upside potential intact amid market fluctuations. Traders often interpret this structure as supportive for buy-on-dip entries, especially when pullbacks remain shallow and respect dynamic supports.

      Technical Analysis

      AUD/JPY Holds Bullish Bias Above 109.00 Support_1
      On the M15 timeframe, AUD/JPY has been consolidating above key support while exhibiting periods of constructive price action. Pullbacks toward dynamic support near 109.00–109.30 have been absorbed by buyers, and resistance zones near 110.50–110.80 represent targets for continuation if bullish momentum resumes. Recent forecasts note that holding above support with moderate momentum indicators (e.g., RSI above mid-line) may position the pair for gains toward higher resistance levels. 

      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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