9 Aug 2013
AUD/JPY retracing from 88.16 daily high
FXstreet.com (Chicago) - AUD/JPY declined after steep ascension bringing 1.48% daily gains to the pair.
Price action indicated the Aussie strengthened considerably against a yen to reach ceiling at 88.16 and start retracement back below 88.00 level. A few hours away from the tertiary industry index released in Japan, the pair traded at 87.95 between supports at 87.72 (July 30th lows), 87.45 (August 5th lows) ahead of 87.23 (July 31st lows) and resistances at 88.16 (August 4th highs), 88.44 (August 1st lows) ahead of 88.74 (July 29th lows).
The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis with MACD and CCI indicators pointing up.
Price action indicated the Aussie strengthened considerably against a yen to reach ceiling at 88.16 and start retracement back below 88.00 level. A few hours away from the tertiary industry index released in Japan, the pair traded at 87.95 between supports at 87.72 (July 30th lows), 87.45 (August 5th lows) ahead of 87.23 (July 31st lows) and resistances at 88.16 (August 4th highs), 88.44 (August 1st lows) ahead of 88.74 (July 29th lows).
The FXstreet trend index reported the pair as slightly bullish on one-hour timeframe analysis with MACD and CCI indicators pointing up.