AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA
Technical Analysis: In the daily chart, AUD/JPY maintains a constructive bullish bias as the spot holds above the Bollinger middle band and the 100-day moving average. The Relative Strength Index (14) hovers near 54, suggesting steady but tempered upside momentum rather than a blow-off phase. On the topside, immediate resistance is aligned with the upper Bollinger band at 114.72, where a clear break would open the door to further gains within the broader uptrend. On the downside, initial support is seen at the days open pivot around the Bollinger middle band at 113.65, followed by the lower band near 112.53. Deeper pullbacks would likely lean on the 100-day moving average around 110.80 to preserve the broader bullish structure.









