Currency Trading Commentary: Feb 21 AUD JPY Pairs

Currency trading: Feb 21 AUD JPY PairsThe bias for the AUDJPY is bullish despite the pullback over the last 24-hours.

 

The shorter-term EMAs remain crossed higher and diverging, and the price action is above the longer-term EMA filter, which is positive.

 

The next significant target above is noted at 90.00, which is the high from last April.

 

Nearer resistance is noted at 87.70-80 and 88.50.

 

Below the current market price, support is noted initially at 84.70-80, followed by 83.50.

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