#AUDJPY @ 95.2330 reaches a new four-day high at 95.37, trading at 95.22 as the Asian session begins.

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#AUDJPY @ 95.2330 reaches a new four-day high at 95.37, trading at 95.22 as the Asian session begins.

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  • AUD/JPY reaches a new four-day high at 95.37, trading at 95.22 as the Asian session begins.
  • The pair remains neutral-biased, tilted to the upside, with potential resistance at October 12 high 95.83.
  • Sellers must clear the 94.96/85 area and the top of the Kumo at 94.65 to shift momentum downwards.
  • The pair currently trades last at 95.2330.

    The previous day high was 95.02 while the previous day low was 94.32. The daily 38.2% Fib levels comes at 94.75, expected to provide support. Similarly, the daily 61.8% fib level is at 94.59, expected to provide support.

    The AUD/JPY reached a new four-day high at 95.37 on Tuesday, registering solid gains of 0.46%. However, as Wednesday’s Asian session begins, the cross-pair exchanges hands at 95..22, down a minimal 0.04%.

    The daily chart portrays the pair as neutral-biased, tilted to the upside due to remaining above the Ichimoku Cloud (Kumo), which has narrowed, as the AUD/JPY is trendless. For a bullish continuation, buyers must reclaim the October 12 high at 95.83, followed by the latest cycle high at 96.92.

    On the flip side, AUD/JPY sellers would need to clear the 94.96/85 area, where the Kijun and Tenkan-Sen levels lie, followed by the top of the Kumo at 94.65. A breach of the latter and the cross would slip inside the cloud, with the following support seen at the bottom of the Kumo at 94.00, followed by the October 3 low of 93.01.

    Technical Levels: Supports and Resistances

    AUDJPY currently trading at 95.26 at the time of writing. Pair opened at 94.86 and is trading with a change of 0.42 % .

    Overview Overview.1
    0 Today last price 95.26
    1 Today Daily Change 0.40
    2 Today Daily Change % 0.42
    3 Today daily open 94.86

    The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 95.04, 50 SMA 94.66, 100 SMA @ 94.81 and 200 SMA @ 92.65.

    Trends Trends.1
    0 Daily SMA20 95.04
    1 Daily SMA50 94.66
    2 Daily SMA100 94.81
    3 Daily SMA200 92.65

    The previous day high was 95.02 while the previous day low was 94.32. The daily 38.2% Fib levels comes at 94.75, expected to provide support. Similarly, the daily 61.8% fib level is at 94.59, expected to provide support.

    Note the levels of interest below:

    • Pivot support is noted at 94.44, 94.03, 93.74
    • Pivot resistance is noted at 95.15, 95.44, 95.85
    Levels Levels.1
    Previous Daily High 95.02
    Previous Daily Low 94.32
    Previous Weekly High 95.66
    Previous Weekly Low 94.14
    Previous Monthly High 96.92
    Previous Monthly Low 93.59
    Daily Fibonacci 38.2% 94.75
    Daily Fibonacci 61.8% 94.59
    Daily Pivot Point S1 94.44
    Daily Pivot Point S2 94.03
    Daily Pivot Point S3 93.74
    Daily Pivot Point R1 95.15
    Daily Pivot Point R2 95.44
    Daily Pivot Point R3 95.85

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