AUD/JPY
The above chart is showing the Kijun-sen below the Tenkan-sen line, both lines have an upward vector. The Chikou Span confirmative line is over the AUD/JPY, indicating towards a ascending cloud. AUD/JPY has surpassed both the Kijun-sen and Tenkan-sen; this means the potential bullish trend still has traction. The most proximate support is delineated by Tenkan-sen at 88.447. Likewise the most proximate resistance is set by Tenkan-sen at 90.370.
GBP/JPY
The Kijun-sen is currently under the Tenkan-sen, the blue has an upward vector, while the red remains parallel to the bottom of the chart. The Chikou Span confirmative line is over the current price of the currency pair, indicating an ascending cloud. The pair seems to have corrected back to Tenkan-sen. The most proximate support is delineated by the Tenkan-sen line at 145.788. The resistance level are the previous maximums of Chikou Span line set at 147.347.
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.
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