AUD/JPY Price Forecast: Declines to near 114.00, while maintaining bullish technical bias
Technical Analysis: In the daily chart, AUD/JPY holds a constructive bullish bias as it consolidates just under the upper Bollinger Band. Price stands well above the 20-day simple moving average (the Bollinger middle band) and the 100-day moving average, suggesting the broader uptrend remains intact despite the latest pause. The Relative Strength Index (14) hovers around 55, indicating neutral-to-positive momentum rather than overbought conditions, which hints that buyers may still have room to extend gains if resistance gives way. On the topside, immediate resistance is located at the upper Bollinger Band around 114.65; a daily close above this barrier would open the door to a continuation of the advance. On the downside, initial support is seen at the 20-day SMA near 113.70, with further cushions at the lower Bollinger Band around 112.78 and then at the 100-day EMA near 110.77, where a break would be needed to undermine the prevailing bullish structure.








