AUD/JPY Price Analysis: Recovers From Weekly Losses, Still Bearish Below 96.00
The AUD/JPY trimmed some of its Thursday’s losses on Friday, and aims higher 0.27% in late trading during the North American session. Even though the pair is up daily, would finish the week with losses of more than 2.50%, a consequence of comments by Bank of Japan’s (BoJ) Governor Ueda. Therefore, the cross is trading at 95.40, after hitting a daily low of 94.17.
The daily chart portrays the pair as neutral to downward biased, though upside risks remain. If AUD/JPY achieves a daily close within the Ichimoku Cloud (Kumo) boundaries, that could pave the way for further losses; otherwise, the pair could challenge the December 7 high of 96.49.
If AUD/JPY achieves a daily close below the top of the Kumo, the first support would be the 95.00 figure. A breach of the latter will expose the December 8 low of 94.17, ahead of the 94.00 mark
On the upside, if the pair edges above the peak of the Kumo, the first resistance would be the November 10 swing low-turned resistance at 95.85, ahead of the 96.00 figure. The next resistance would be the Kijun-Sen at 96.14.
AUD/JPY Price Analysis – Daily Chart
(Click on image to enlarge)
AUD/JPY Technical Levels
AUD/JPY
| OVERVIEW | |
|---|---|
| Today last price | 95.39 |
| Today Daily Change | 0.48 |
| Today Daily Change % | 0.51 |
| Today daily open | 94.91 |
| TRENDS | |
|---|---|
| Daily SMA20 | 97.42 |
| Daily SMA50 | 96.23 |
| Daily SMA100 | 95.34 |
| Daily SMA200 | 93.52 |
| LEVELS | |
|---|---|
| Previous Daily High | 96.54 |
| Previous Daily Low | 93.73 |
| Previous Weekly High | 98.5 |
| Previous Weekly Low | 97.24 |
| Previous Monthly High | 98.66 |
| Previous Monthly Low | 95.61 |
| Daily Fibonacci 38.2% | 94.8 |
| Daily Fibonacci 61.8% | 95.47 |
| Daily Pivot Point S1 | 93.58 |
| Daily Pivot Point S2 | 92.25 |
| Daily Pivot Point S3 | 90.76 |
| Daily Pivot Point R1 | 96.4 |
| Daily Pivot Point R2 | 97.88 |
| Daily Pivot Point R3 | 99.21 |
More By This Author:
NZD/JPY Closes Its Worst Week In 2023, Bears Rejected At The 100-Day SMAGBP/JPY Sees Thin Rebound On Friday, Falls Just Short Of 182.00
Crude Oil Sees A Bounce On Friday, Still Set For Another Down Week With WTI Below $72
Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...
more
Comments
