AUD/JPY · AUDJPY Daily Market Briefing

Bullish

AUD/JPY rises above 114.50 as bullish technical pattern remains intact.

AUD/JPY has strengthened to over 114.50, supported by a bullish technical setup and positive Chinese economic data. The pair maintains a positive tone above the 100-day Simple Moving Average (SMA), with bullish Relative Strength Index (RSI) momentum. The first upside barrier is at 114.96, with initial support between 113.25 and 113.20.

Key points

  • AUD/JPY strengthens above 114.50, maintaining bullish technical pattern.
  • Chinese economic data supports Australian dollar, impacting AUD/JPY.
  • Technical indicators show bullish momentum for AUD/JPY.

Sources

AI-generated from public news sources. Not financial advice.

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