24 Jan 2014
AUD/JPY is trying to claw back the lost ground
FXstreet.com (Moscow) - AUD/JPY is trying to regain ground Friday morning after the epic fall to the lows of 90.22 on Thursday The cross climbed to the intraday high of 90.85 where the upside was stopped.
AUD/JPY is regaining ground
AUD/JPY has a beautiful long bearish candle on a daily chart, as the cross slashed nearly 200 pips within one trading day. What a move! AUD bears side to side with JPY bulls seemed to be unbeatable. But Friday brought a healthy correction to the cross and upset the AUD bears plans. Now that 91.00 is behind us, the longer-term sentiment in the cross is bearish. Watch out for 90.70 resistance, once it is out of the way, the cross may accelerate the upside to 91.00. the support lies at 90.20
What are today’s key AUD/JPY levels?
Today's central pivot point can be found at 91.10, with support below at 89.54, 88.66 and 87.10, with resistance above at 91.98, 93.54 and 94.42. Hourly Moving Averages are mostly bearish, with the 200SMA at 92.53 and the daily 20EMA at 92.87. Hourly RSI is neutral at 37.
AUD/JPY is regaining ground
AUD/JPY has a beautiful long bearish candle on a daily chart, as the cross slashed nearly 200 pips within one trading day. What a move! AUD bears side to side with JPY bulls seemed to be unbeatable. But Friday brought a healthy correction to the cross and upset the AUD bears plans. Now that 91.00 is behind us, the longer-term sentiment in the cross is bearish. Watch out for 90.70 resistance, once it is out of the way, the cross may accelerate the upside to 91.00. the support lies at 90.20
What are today’s key AUD/JPY levels?
Today's central pivot point can be found at 91.10, with support below at 89.54, 88.66 and 87.10, with resistance above at 91.98, 93.54 and 94.42. Hourly Moving Averages are mostly bearish, with the 200SMA at 92.53 and the daily 20EMA at 92.87. Hourly RSI is neutral at 37.