• AUD/JPY has climbed for two-straight days after the Bank of Japan (BoJ) intervention and is up by 0.87% in the week.
  • The AUD/JPY daily chart is upward-biased, and if it clears 95.44, a retest of 96.40 is on the cards, ahead f the YTD high at 98.60.

The AUD/JPY rebounded at the 50-day Exponential Moving Average (EMA) and rose to Wednesday’s daily high at 95.44 before trimming some gains. However, the cross-currency finished the day with a half-percentage point gain. As the Thursday Asian Pacific session begins, the AUD/JPY is trading at 95.03, flat.

AUD/JPY Price Analysis: Technical outlook

The AUD/JPY daily chart delineates the pair trading upwards, as the upward bias remains intact. Worth noticing that on its way toward 95.00, the cross-currency pair cleared the 50-day EMA, shifting the bias from neutral-upwards to upwards, opening the door for further gains. Also, the Relative Strength Index (RSI) is in bullish territory, and the slope turned flat, meaning that the AUD/JPY might consolidate before resuming the ongoing uptrend.

Upwards, the AUD/JPY’s first resistance would be October’s 26 daily high at 95.44, followed by the 96.00 figure, and the September 22 daily high at 96.40. Conversely, the AUD/JPY’s first support would be the 50-day EMA at 94.64. A breach of the latter will send the cross sliding towards the 100-day EMA at 94.17, followed by the 20-day EMA at 93.45.

AUD/JPY Key Technical Levels

AUD/JPY

Overview
Today last price 95.04
Today Daily Change 0.43
Today Daily Change % 0.45
Today daily open 94.61
 
Trends
Daily SMA20 93.36
Daily SMA50 94.62
Daily SMA100 94.22
Daily SMA200 91.24
 
Levels
Previous Daily High 94.67
Previous Daily Low 93.87
Previous Weekly High 95.75
Previous Weekly Low 92.13
Previous Monthly High 98.58
Previous Monthly Low 92.13
Daily Fibonacci 38.2% 94.36
Daily Fibonacci 61.8% 94.18
Daily Pivot Point S1 94.1
Daily Pivot Point S2 93.58
Daily Pivot Point S3 93.29
Daily Pivot Point R1 94.9
Daily Pivot Point R2 95.19
Daily Pivot Point R3 95.7

 

 

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