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29 Oct 2014
AUD/JPY up to daily resistance zone on weak JPY
FXStreet (Barcelona) - AUD/JPY is trading at 95.76, down -0.03% on the day, having posted a daily high at 95.82 and low at 95.67.
AUD/JPY was bid on the back of a good performance in stocks in the US and shares in European markets on the rise that was weakening the Japanese currency. The cross has topped just shy of the daily resistance around the 96.00 level but has confirmed the correction of the down tend from the 98.0 handle's territory. We are now moving in on further domestic data releases from Japan in the form of the Industrial Production, and approaching showdown time in the FOMC. At the end of the week we will have the BoJ but before then we will have Employment data and Inflation numbers to deal with.
AUD/JPY noteworthy levels
Current price is 95.77, with resistance ahead at 95.78 (Daily 100 SMA) and 95.96 (R3). Next support to the downside can be found at 95.72 (Weekly Classic R1), 95.69 (Daily Classic R2), 95.67 (Daily Low), 95.52 (Hourly 20 EMA), 95.30 (Daily Classic R1), 95.00 the pivot and 94.62.
AUD/JPY was bid on the back of a good performance in stocks in the US and shares in European markets on the rise that was weakening the Japanese currency. The cross has topped just shy of the daily resistance around the 96.00 level but has confirmed the correction of the down tend from the 98.0 handle's territory. We are now moving in on further domestic data releases from Japan in the form of the Industrial Production, and approaching showdown time in the FOMC. At the end of the week we will have the BoJ but before then we will have Employment data and Inflation numbers to deal with.
AUD/JPY noteworthy levels
Current price is 95.77, with resistance ahead at 95.78 (Daily 100 SMA) and 95.96 (R3). Next support to the downside can be found at 95.72 (Weekly Classic R1), 95.69 (Daily Classic R2), 95.67 (Daily Low), 95.52 (Hourly 20 EMA), 95.30 (Daily Classic R1), 95.00 the pivot and 94.62.