FX.co ★ AUD/JPY

The AUD/JPY daily chart shows a clear and sustained bullish trend over the past several months. Price action has been steadily climbing, forming higher highs and higher lows, which is a classic indication of a strong uptrend. The current market price is trading around 112.72, and it remains well supported by the moving averages plotted on the chart. Three moving averages are visible: a short-term moving average (blue), a medium-term moving average (yellow), and a long-term moving average (red). The alignment of these moving averages is a strong bullish signal. The blue line is positioned above the yellow line, and both are above the red line. This structure indicates that short-term momentum is stronger than the medium-term trend, while the medium-term trend is stronger than the long-term trend. Such alignment typically confirms a well-established bullish market structure. Price is currently trading above the blue moving average, which suggests that buyers remain in control in the short term. During the entire upward movement, the blue moving average has repeatedly acted as dynamic support. Whenever the price retraced, it tended to bounce from this level before continuing higher. This behavior reflects strong bullish sentiment and consistent demand in the market. The Relative Strength Index (RSI) indicator is currently around 67.64, which indicates strong momentum but not yet an extreme overbought condition. When the RSI approaches the 70 level, it suggests that the market is nearing overbought territory, but in trending markets this can often persist for extended periods. Therefore, the current RSI reading supports the continuation of bullish momentum while also warning traders to watch for potential short-term pullbacks. From a technical perspective, the market structure remains bullish unless price breaks below the blue moving average and starts closing under the yellow moving average. As long as the price continues to respect these dynamic support levels, the overall trend bias remains upward. In conclusion, the AUD/JPY pair is demonstrating strong bullish momentum supported by favorable moving average alignment and a healthy RSI level. Traders may continue to favor buying opportunities on pullbacks while the overall trend remains intact. However, careful risk management is essential, especially as the price approaches potential resistance zones near recent highs.