Bullish outlook remains intact despite weak China data
The post Bullish outlook remains intact despite weak China data appeared on BitcoinEthereumNews.com.
The AUD/JPY cross tumbles to near 103.15 during the early European session on Monday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) as China’s economic slowdown deepened in November, with Retail Sales and industrial output growth falling short of expectations. All eyes will be on the Bank of Japan (BoJ) interest rate decision on Friday. The Japanese central bank is widely expected to announce an interest rate hike to 0.75% at its December monetary policy meeting. China’s Retail Sales rose 1.3% year-over-year (YoY) in November, compared to 2.9% in October, according to the National Bureau of Statistics (NBS) on Monday. This reading came in worse than the estimations of 2.9%. Chinese Industrial Production increased 4.8% YoY in November versus 4.9% prior, below the market consensus of 5.0%. Softer Chinese consumption and factory activity could undermine the China-proxy Aussie, as China is Australia’s largest trading partner. Technical Analysis: In the daily chart, AUD/JPY trades at 103.15. The pair holds well above the rising 100-day EMA at 99.38, keeping the medium-term bias bullish. The EMA’s steady ascent underscores persistent demand. Price sits above the Bollinger midline at 102.42 and below the upper band at 104.42, signaling ongoing bullish pressure without overextension. RSI at 60.04 remains above the neutral 50 mark after easing from recent highs, indicating momentum is cooling but still positive. Upside continuation would need a decisive move through the Bollinger upper band at 104.42 to extend the advance. On pullbacks, initial support aligns with the Bollinger midline at 102.42, while the 100-day EMA at 99.38 would serve as a deeper floor. Bollinger Bands slope higher, keeping the directional bias to the upside. RSI holding near 60 would favor dips being bought; a slide toward 50 could pivot price back toward the midline. (The technical analysis of this story was…
Filed under: News - @ December 15, 2025 6:28 am