#AUDJPY @ 88.2170 jumped from YTD lows of 87.12 and reclaimed 88.00 as sentiment turned upbeat. (Pivot Orderbook analysis)
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- AUD/JPY jumped from YTD lows of 87.12 and reclaimed 88.00 as sentiment turned upbeat.
- AUD/JPY Price Analysis: To remain sideways within the 87.00/89.00 range.
The pair currently trades last at 88.2170.
The previous day high was 89.51 while the previous day low was 88.08. The daily 38.2% Fib levels comes at 88.63, expected to provide resistance. Similarly, the daily 61.8% fib level is at 88.97, expected to provide resistance.
AUD/JPY trimmed some of its earlier losses and finished Monday’s session with losses of 0.13%. However, as the Asian session begins, the AUD/JPY is up 0.09%, exchanging hands at 88.25 at the time of writing.
After falling to multi-week lows at 87.12, the AUD/JPY staged a late recovery and closed above the 88.00 figure, portraying a spinning top indicating neither buyers nor sellers are in control. Nevertheless, the AUD/JPY is consolidating around the 87.00-89.20 range, below the daily Exponential Moving Averages (EMAs), with a neutral to a bearish bias.
Oscillators remain bearish, but the Relative Strength Index (RSI) turned flat, suggesting that selling pressure is waning. Contrarily, the Rate of Change (RoC) portrays sellers are gathering momentum, but they need to bring the AUD/JPY below 88.00, so they could have a chance to drag prices lower.
Therefore, the AUD/JPY’s first support would be the 88.00 mark. Once cleared, the AUD/JPY could dive towards the daily low at 87.12 before stumbling toward the 86.00 mark, ahead of testing March 2022 lows at around 84.59.
Conversely, the AUD/JPY first resistance would be 89.00. Break above will expose the March 20 daily high at 89.23 before testing the 20-day EMA at 89.82. After that, the next supply zone would be the 90.00 figure, followed by the 50-day EMA at 90.66, ahead of 91.00.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 88.26 at the time of writing. Pair opened at 88.35 and is trading with a change of -0.1 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 88.26 |
| 1 | Today Daily Change | -0.09 |
| 2 | Today Daily Change % | -0.10 |
| 3 | Today daily open | 88.35 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 90.75, 50 SMA 91.03, 100 SMA @ 91.61 and 200 SMA @ 92.9.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 90.75 |
| 1 | Daily SMA50 | 91.03 |
| 2 | Daily SMA100 | 91.61 |
| 3 | Daily SMA200 | 92.90 |
The previous day high was 89.51 while the previous day low was 88.08. The daily 38.2% Fib levels comes at 88.63, expected to provide resistance. Similarly, the daily 61.8% fib level is at 88.97, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 87.79, 87.22, 86.36
- Pivot resistance is noted at 89.21, 90.07, 90.64
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 89.51 |
| Previous Daily Low | 88.08 |
| Previous Weekly High | 90.20 |
| Previous Weekly Low | 87.36 |
| Previous Monthly High | 93.06 |
| Previous Monthly Low | 90.24 |
| Daily Fibonacci 38.2% | 88.63 |
| Daily Fibonacci 61.8% | 88.97 |
| Daily Pivot Point S1 | 87.79 |
| Daily Pivot Point S2 | 87.22 |
| Daily Pivot Point S3 | 86.36 |
| Daily Pivot Point R1 | 89.21 |
| Daily Pivot Point R2 | 90.07 |
| Daily Pivot Point R3 | 90.64 |
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