#AUDJPY @ 94.9500 has climbed for two-straight days after the Bank of Japan (BoJ) intervention and is up by 0.87% in the week. (Pivot Orderbook analysis)
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- AUD/JPY has climbed for two-straight days after the Bank of Japan (BoJ) intervention and is up by 0.87% in the week.
- The AUD/JPY daily chart is upward-biased, and if it clears 95.44, a retest of 96.40 is on the cards, ahead f the YTD high at 98.60.
The pair currently trades last at 94.9500.
The previous day high was 94.67 while the previous day low was 93.87. The daily 38.2% Fib levels comes at 94.36, expected to provide support. Similarly, the daily 61.8% fib level is at 94.18, expected to provide support.
The AUD/JPY rebounded at the 50-day Exponential Moving Average (EMA) and rose to Wednesday’s daily high at 95.44 before trimming some gains. However, the cross-currency finished the day with a half-percentage point gain. As the Thursday Asian Pacific session begins, the AUD/JPY is trading at 95.03, flat.
The AUD/JPY daily chart delineates the pair trading upwards, as the upward bias remains intact. Worth noticing that on its way toward 95.00, the cross-currency pair cleared the 50-day EMA, shifting the bias from neutral-upwards to upwards, opening the door for further gains. Also, the Relative Strength Index (RSI) is in bullish territory, and the slope turned flat, meaning that the AUD/JPY might consolidate before resuming the ongoing uptrend.
Upwards, the AUD/JPY’s first resistance would be October’s 26 daily high at 95.44, followed by the 96.00 figure, and the September 22 daily high at 96.40. Conversely, the AUD/JPY’s first support would be the 50-day EMA at 94.64. A breach of the latter will send the cross sliding towards the 100-day EMA at 94.17, followed by the 20-day EMA at 93.45.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 95.04 at the time of writing. Pair opened at 94.61 and is trading with a change of 0.45 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 95.04 |
| 1 | Today Daily Change | 0.43 |
| 2 | Today Daily Change % | 0.45 |
| 3 | Today daily open | 94.61 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 93.36, 50 SMA 94.62, 100 SMA @ 94.22 and 200 SMA @ 91.24.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 93.36 |
| 1 | Daily SMA50 | 94.62 |
| 2 | Daily SMA100 | 94.22 |
| 3 | Daily SMA200 | 91.24 |
The previous day high was 94.67 while the previous day low was 93.87. The daily 38.2% Fib levels comes at 94.36, expected to provide support. Similarly, the daily 61.8% fib level is at 94.18, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 94.1, 93.58, 93.29
- Pivot resistance is noted at 94.9, 95.19, 95.7
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 94.67 |
| Previous Daily Low | 93.87 |
| Previous Weekly High | 95.75 |
| Previous Weekly Low | 92.13 |
| Previous Monthly High | 98.58 |
| Previous Monthly Low | 92.13 |
| Daily Fibonacci 38.2% | 94.36 |
| Daily Fibonacci 61.8% | 94.18 |
| Daily Pivot Point S1 | 94.10 |
| Daily Pivot Point S2 | 93.58 |
| Daily Pivot Point S3 | 93.29 |
| Daily Pivot Point R1 | 94.90 |
| Daily Pivot Point R2 | 95.19 |
| Daily Pivot Point R3 | 95.70 |
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