21 May 2015
AUD/JPY remains sideways, around 95.50
FXStreet (Córdoba) - AUD/JPY is about to end around 95.50 for the third consecutive day. The pair continues to move sideways in the short term still holding a slight bearish bias.
For the first time in a week the pair was able to hold above the lows of the day before and gave signals of a consolidation. Today price remained limited. The upside was capped by 95.75 while to the downside the area above 95.30 capped the decline.
The pair managed to held firm as Chinese economic data showed a mixed picture with the preliminary PMI index that rose in May from 48.9 to 49.1, but below analysts expectations of a bigger increase to 49.3.
For the first time in a week the pair was able to hold above the lows of the day before and gave signals of a consolidation. Today price remained limited. The upside was capped by 95.75 while to the downside the area above 95.30 capped the decline.
The pair managed to held firm as Chinese economic data showed a mixed picture with the preliminary PMI index that rose in May from 48.9 to 49.1, but below analysts expectations of a bigger increase to 49.3.