Today no major news from Bank of Japan ( BOJ ) and Reserve bank of Australia ( RBA ) , tomorrow 6 May , 2016 11:30 AEST RBA Monetary Policy Statement will be release . Looking at AUDJPY 4 H chart 79.50 area seems to be holding for now . Bear will be interested to sell at 4H 21 around 80.50 area , If the up trend continue and make higher high on 4 H , The Bulls will be interested to long on the pull back.
Looking at 1 H Pre London probably will be a good opportunity to Long for the Bulls if a nice pull back appear in the next 4 to 6 hours . All technical analysis will happen only if the fundamental support , today is Pre NFP day the market probably is a technical day .
Happy and Safe trading