26 Jul 2013
AUD/JPY capped below 92 asks
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 91.77, little changed since previous Asia-Pacific open yesterday, off recent weekly lows at 91.34, touched several times from early London till mid NY session.
AUD/JPY trapped inside a 50 pip trading range
Given strength in both components AUD and Yen in same measure, the cross has remained flat, despite the big reversals in both pairs AUD/USD and USD/JPY from below the 0.9150 in the Aussie case to above the 0.9250, while in USD/JPY it went from above the 100.30 to around the 99 figure. Result was AUD/JPY moved little inside a 50 pip range, less than half its usual daily average volatility.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session highs 91.96, followed by July 17 highs at 92.26, and past Friday's Asian session highs at 92.42. To the downside, closest support lies at recent session and mentioned past Friday's lows 91.59, followed by July 17 lows at 91.43, and mentioned recent weekly/8-day lows at 91.33.
AUD/JPY trapped inside a 50 pip trading range
Given strength in both components AUD and Yen in same measure, the cross has remained flat, despite the big reversals in both pairs AUD/USD and USD/JPY from below the 0.9150 in the Aussie case to above the 0.9250, while in USD/JPY it went from above the 100.30 to around the 99 figure. Result was AUD/JPY moved little inside a 50 pip range, less than half its usual daily average volatility.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session highs 91.96, followed by July 17 highs at 92.26, and past Friday's Asian session highs at 92.42. To the downside, closest support lies at recent session and mentioned past Friday's lows 91.59, followed by July 17 lows at 91.43, and mentioned recent weekly/8-day lows at 91.33.