#AUDJPY @ 92.1480 has reached a key support area at 90.20/40. (Pivot Orderbook analysis)

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• AUD/JPY has reached a key support area at 90.20/40.

The pair currently trades last at 92.1480.

The previous day high was 92.33 while the previous day low was 91.08. The daily 38.2% Fib levels comes at 91.56, expected to provide support. Similarly, the daily 61.8% fib level is at 91.85, expected to provide support.

The Australian dollar has reached an important support area on its decline from early September lows beyond 0.9800. The pair has reached 91.20/40 area, which contained bears in late May and early June and also prompted the recovery from the August 2 low.

In this case, the mentioned area corresponds with the neckline of a potential Head & Shoulders figure (as shown in the following daily chart), which might send the pair down to the 84.00 area.

Technical Levels: Supports and Resistances

AUDJPY currently trading at 92.14 at the time of writing. Pair opened at 91.51 and is trading with a change of 0.69 % .

The pair is trading below its 20 Daily moving average @ 94.12, below its 50 Daily moving average @ 94.67 , below its 100 Daily moving average @ 94.15 and above its 200 Daily moving average @ 90.7

The previous day high was 92.33 while the previous day low was 91.08. The daily 38.2% Fib levels comes at 91.56, expected to provide support. Similarly, the daily 61.8% fib level is at 91.85, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 90.95, 90.38, 89.69
• Pivot resistance is noted at 92.21, 92.9, 93.46

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