#AUDJPY @ 91.0920 retreats from its weekly high of 92.01 and trades lower as the Asian session opens. (Pivot Orderbook analysis)

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• AUD/JPY retreats from its weekly high of 92.01 and trades lower as the Asian session opens.
• The AUD/JPY break below the Ichimoku Tenkan-Sen at 91.55 cleared the path toward 91.00.
• For a bullish continuation, the AUD/JPY must claim 91.55; otherwise, a fall below 91.10/90.85 will expose 90.00.

The pair currently trades last at 91.0920.

The previous day high was 92.01 while the previous day low was 91.6. The daily 38.2% Fib levels comes at 91.85, expected to provide resistance. Similarly, the daily 61.8% fib level is at 91.76, expected to provide resistance.

AUD/JPY retraces from weekly highs of 92.01, drops for two straight days, on sentiment deterioration sponsored by US debt-ceiling woes, as traders brace for the release of the Australian Consumer Price Index (CPI). As the Asian session begins, the AUD/JPY is trading at 91.06, down 0.04%.

From a daily chart perspective, the AUD/JPY is neutral to downward biased after falling below the Ichimoku Tenkan-Sen pierced at 91.55, exacerbating the fall toward the 91.00 figure. A one-month-old upslope support trendline was also broken, suggesting sellers are stepping in.

Even though the AUD/JPY is tilted downwards, a seven-month-old previous resistance trendline turned support, suggesting congestion around the 90.85/91.10 area. If AUD/JPY breaks below that area, the next support would be the Kijun-Sen line at 90.15, ahead of testing a support trendline has passed at around the 90.00 figure. Once cleared, the next support would be the top of the Ichimoku Cloud at 89.55.

Contrarily, the AUD/JPY must claim the Tenkan Sen line at 91.55 for a bullish continuation, triggering a rally toward the 92.00 figure. A breach of the latter will expose the year-to-date (YTD) high at 92.99.

Technical Levels: Supports and Resistances

AUDJPY currently trading at 91.06 at the time of writing. Pair opened at 91.83 and is trading with a change of -0.84 % .

The pair is trading below its 20 Daily moving average @ 91.15, above its 50 Daily moving average @ 89.86 , above its 100 Daily moving average @ 90.42 and below its 200 Daily moving average @ 91.91

The previous day high was 92.01 while the previous day low was 91.6. The daily 38.2% Fib levels comes at 91.85, expected to provide resistance. Similarly, the daily 61.8% fib level is at 91.76, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 91.62, 91.4, 91.2
• Pivot resistance is noted at 92.03, 92.23, 92.45

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