#AUDJPY @ 94.1630 The ended Monday’s session negatively on suspected intervention in the FX markets. (Pivot Orderbook analysis)

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• The AUD/JPY ended Monday’s session negatively on suspected intervention in the FX markets.
• A risk-on mood capped the AUD/JPY losses to just 0.21%.
• Short term, the AUD/JPY is range-bound, trapped within the 91.00/95.74 range.

The pair currently trades last at 94.1630.

The previous day high was 95.75 while the previous day low was 92.98. The daily 38.2% Fib levels comes at 94.04, expected to provide support. Similarly, the daily 61.8% fib level is at 94.69, expected to provide resistance.

The AUD/JPY seesaws in a volatile 100-pip trading range as speculation that the Bank of Japan (BoJ) intervened in the FX markets pile, as the USD/JPY tanked 300 pips early in the New York session. Nevertheless, the Australian Dollar (AUD) trimmed some of its earlier losses and finished Monday’s session down by 0.21%. As Tuesday’s Asian session begins, the AUD/JPY is trading at 94.06.

Since October 17, the AUD/JPY tumbled below the 20-day Exponential Moving Average (EMA), which acts as dynamic support, holds the fort for AUD buyers, which leaned to it, to open fresh longs positions, as shown by the price action in the daily chart. Nevertheless, on the upside, the 100 and 50-day EMAs capped the previous rallies, around 94.18/94.58, respectively, while the Relative Strength Index (RSI) at bullish territory, trendless, suggests the pair remains range-bound.

Short term, the AUD/JPY is range-bound, on the downside, capped by the 91.00 figure, and on the upside, the October 21 daily high at 95.74. Despite the Relative Strength Index (RSI) being in bullish territory, is almost trendless, while the confluence of the 50 and 100-EMAs, around 94.22, and 94.17, respectively, would be difficult resistance to hurdle.

On the upside, the AUD/JPY first resistance would be the previously mentioned EMAs. A breach of the latter will expose the 95.00 figure, followed by the R1 daily pivot level at 95.30. On the flip side, the AUD/JPY first support would be the October 24 daily low at 93.58, followed by the 200-EMA at 93.54, and then the S1 daily pivot at 92.79.

Technical Levels: Supports and Resistances

AUDJPY currently trading at 94.15 at the time of writing. Pair opened at 94.26 and is trading with a change of -0.12 % .

The pair is trading above its 20 Daily moving average @ 93.26, below its 50 Daily moving average @ 94.6 , below its 100 Daily moving average @ 94.24 and above its 200 Daily moving average @ 91.12

The previous day high was 95.75 while the previous day low was 92.98. The daily 38.2% Fib levels comes at 94.04, expected to provide support. Similarly, the daily 61.8% fib level is at 94.69, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 92.91, 91.56, 90.15
• Pivot resistance is noted at 95.68, 97.1, 98.45

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