AUDJPY Price Analysis – August 9 The 80.760 support has been used by buyers to lift AUDJPY out of depression. The market has been unsuccessful in trying to push out of 85.000 for several months since March. Bears have exploited this weakness to plummet the market below 82.900. AUDJPY has thus far been sliding down […]
AUDJPY Price Analysis – August 1 AUDJPY downslides after falling through the 82.900 major support. The market had endured a spell of consolidation at the beginning of the year between the 80.760 and the 79.800 key levels. Thereafter, bulls gained strength to travel out of the consolidation. Price ascended till it was rejected at 84.980. […]
AUD/JPY decreased a little in the short term, but the upside pressure is strong. The support area holds, so an upside breakout is favored. In the short term, the pair dropped as the Yen was boosted by Nikkei’s sell-off. AUD/JPY increases right now even if the Japanese Unemployment Rate, Prelim Industrial Production, and the Housing […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishOn July 19, AUD/JPY pair fell to $80 low and resumed upward. For the past week, the pair has been correcting upward. The selling pressure will resume if price breaks below level 80.00. The Fibonacci tool has indicated a further […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishAUD/JPY currency pair is in a downward move as price reaches the low of level 80.17. The bearish momentum is likely to continue on the downside as the pair faces rejection after a retracement. Meanwhile, on June 21 downtrend; a […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishAUD/JPY currency pair is in a downward move. The downtrend is likely to continue as price rises to the overbought region of the market. The market has earlier been rejected at level 84.00. Meanwhile, on June 21 downtrend; a retraced […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishAUD/JPY currency pair fell to level 82.40 after rejection from the level 85.00 overhead resistance. The market is resuming upward to retest the overhead resistance. Meanwhile, on June 25 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishAUD/JPY currency pair is in a downward move. The market was earlier correcting upward but the bulls could not break above the previous high. The selling pressure has resumed. On June 18 downtrend; a retraced candle body tested the 38.2% […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: RangingAUD/JPY currency pair is in sideways trend below level 85.00. The market fluctuates below level 82.00 and level 85.00. The price action is characterized by small body candlesticks.These candlesticks are indicating that buyers and sellers are undecided about the direction […]
