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05 Jun 2026

๐Ÿ“Š AUD/JPY MARKET OUTLOOK

AUD/JPY remains bullish on the daily timeframe, with price continuing to hold above the 100-day Moving Average โ€” a sign that buyers are still in control of the broader trend.

๐Ÿ” Key Observations:
โœ… The overall uptrend remains intact.
โœ… RSI is holding near neutral territory, suggesting momentum has cooled but has not turned bearish.
โœ… Price is testing an important resistance zone.

๐Ÿ“ˆ Bullish Scenario:
A strong daily close above 114.80 could trigger further upside momentum toward the psychological resistance at 115.00.

๐Ÿ“‰ Bearish Scenario:
Failure to break above resistance may lead to a corrective pullback toward:
๐Ÿ”น 114.00 โ€“ Initial Support
๐Ÿ”น 113.20 โ€“ Strong Support Zone
A deeper decline could expose the 100-day Moving Average around 111.55, where buyers may look to re-enter the market.

โš ๏ธ Trading Tip:
Patience is key. Let the market confirm its direction before entering positions, especially with high-impact news events influencing market sentiment.

๐Ÿ”ฅ STOP ACCOUNT BURNING
๐Ÿ“ˆ BUILD CONSISTENT TRADERS

#AUDJPY #ForexAnalysis #TechnicalAnalysis #GoldScalpingSignals
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