#AUDJPY @ 91.5500 Doji at 50-day EMA sparked a reaction by AUD bulls, lifted price by almost 2%. (Pivot Orderbook analysis)
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- Doji at 50-day EMA sparked a reaction by AUD bulls, lifted price by almost 2%.
- AUD/JPY must reclaim the May 2 daily high of 92.43 for bullish continuation, followed by the YTD high of 93.04.
- Neutrally biased AUD/JPY tilted upwards, downside risks lie below the May 3 daily high of 91.06.
The pair currently trades last at 91.5500.
The previous day high was 91.1 while the previous day low was 89.81. The daily 38.2% Fib levels comes at 90.6, expected to provide support. Similarly, the daily 61.8% fib level is at 90.3, expected to provide support.
The AUD/JPY oscillates around 91.50s after posting solid gains on Monday as the Asian session begins. Last Friday’s doji at around the 50-day Exponential Moving Average (EMA) sparked a reaction by Aussie (AUD) bulls, which lifted the price by almost 2%. At the time of writing, the AUD/JPY is trading at 91.59.
AUD/JPY jumped from around 89.80s, erasing last Wednesday’s drop amidst sideways price action in the cross-currency pair. The AUD/JPY is neutrally biased, though tilted upwards; it would need to reclaim the May 2 daily high of 92.43 for a bullish continuation.
If that scenario plays out, the AUD/JPY next resistance would be the year-to-date (YTD) high at 93.04. A breach of the latter will expose November’s 16 high of 94.65, followed by November’s 8 swing high of 95.20.
Otherwise, AUD/JPY downside risks lie below the May 3 daily high of 91.06, which would expose the 91.00 figure. Once the spot price pierces the 90.00 handle, the 200-day EMA at 90.70 will be tested. If this level is taken out, the AUD/JPY next support would be the 100-day EMA at 90.38, followed by the 90.00 mark.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 91.6 at the time of writing. Pair opened at 90.97 and is trading with a change of 0.69 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 91.60 |
| 1 | Today Daily Change | 0.63 |
| 2 | Today Daily Change % | 0.69 |
| 3 | Today daily open | 90.97 |
The pair is trading above its 20 Daily moving average @ 89.79, above its 50 Daily moving average @ 89.48 , above its 100 Daily moving average @ 90.15 and below its 200 Daily moving average @ 92.1
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 89.79 |
| 1 | Daily SMA50 | 89.48 |
| 2 | Daily SMA100 | 90.15 |
| 3 | Daily SMA200 | 92.10 |
The previous day high was 91.1 while the previous day low was 89.81. The daily 38.2% Fib levels comes at 90.6, expected to provide support. Similarly, the daily 61.8% fib level is at 90.3, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 90.15, 89.34, 88.87
- Pivot resistance is noted at 91.44, 91.91, 92.72
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 91.10 |
| Previous Daily Low | 89.81 |
| Previous Weekly High | 92.44 |
| Previous Weekly Low | 89.16 |
| Previous Monthly High | 90.78 |
| Previous Monthly Low | 87.59 |
| Daily Fibonacci 38.2% | 90.60 |
| Daily Fibonacci 61.8% | 90.30 |
| Daily Pivot Point S1 | 90.15 |
| Daily Pivot Point S2 | 89.34 |
| Daily Pivot Point S3 | 88.87 |
| Daily Pivot Point R1 | 91.44 |
| Daily Pivot Point R2 | 91.91 |
| Daily Pivot Point R3 | 92.72 |
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