#AUDJPY @ 91.2200 climbs from the Kijun-Sen support line, driven by risk appetite. (Pivot Orderbook analysis)

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• AUD/JPY climbs from the Kijun-Sen support line, driven by risk appetite.
• The emergence of a two-candle bullish harami pattern suggests further upside, yet resistance at the Tenkan-Sen line and May highs remain key hurdles.
• If the AUD/JPY drops to challenge support at around 91.10-91.00, followed by the Kijun-Sen line and a support trendline around 90.00.

The pair currently trades last at 91.2200.

The previous day high was 91.43 while the previous day low was 90.26. The daily 38.2% Fib levels comes at 90.71, expected to provide support. Similarly, the daily 61.8% fib level is at 90.98, expected to provide support.

AUD/JPY climbs after finding support around the Kijun-Sen line at 90.53, rising above the 91.00 figure, sponsored by traders’ appetite for riskier assets. Federal Reserve officials opening the door for a pause is the main reason behind the AUD/JPY uptrend. As the Asian session begins, the AUD/JPY is trading at 91.21.

The AUD/JPY daily chart still shows the pair as neutral biased, of late clinging to the Tenkan-Sen price level. Should be said that a two-candle bullish harami pattern emerged, warranting further upside expected, but on its way north, buyers of the AUD/JPY cross-currency pair must hurdle some resistance levels.

The first would be the Tenkan-Sen line at 91.30, followed by the May 29 high at 92.01. A breach of the latter will expose the May 19 swing high at 92.35, followed by the year-to-date (YTD) high of 92.99.

Conversely, the AUD/JPY must dive below a seven-month-old downslope resistance trendline, turning support at 91.10-91.00. If AUD/JPY breaks below that area, the next support would be the Kijun-Sen line at 90.43, ahead of testing a support trendline that passed at around the 90.00 figure. Once cleared, the next support would be the top of the Ichimoku Cloud at 89.55.

Technical Levels: Supports and Resistances

AUDJPY currently trading at 91.21 at the time of writing. Pair opened at 90.61 and is trading with a change of 0.66 % .

The pair is trading above its 20 Daily moving average @ 91.2, above its 50 Daily moving average @ 89.97 , above its 100 Daily moving average @ 90.41 and below its 200 Daily moving average @ 91.87

The previous day high was 91.43 while the previous day low was 90.26. The daily 38.2% Fib levels comes at 90.71, expected to provide support. Similarly, the daily 61.8% fib level is at 90.98, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 90.11, 89.6, 88.94
• Pivot resistance is noted at 91.27, 91.93, 92.43

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