9 Jun 2014
AUD/JPY: Impressive run-up not losing steam
FXStreet (Bali) - AUD/JPY is trading at 95.78, up 0.13% on the day, having posted a daily high at 95.89 and low at 95.68.
The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 60.13, down from 69.06 at the last hour close, while ADX is ranging at 28.17, down from 33.60 previous. Meanwhile, daily RSI is in neutral territory at 61.98. On the hourly AUD/JPY chart, the 200 SMA is climbing and currently at 95.47, up from the previous hour close at 94.81. On average, the exponential closing price for the past 20 days is 94.89, with the trend indicating a continuation higher ahead.
What price levels and patterns have to be considered?
Current price is 95.78, with resistance ahead at 95.84 (Yesterday's High), 95.87 (Daily Classic R1), 95.89 (Daily High), 96.08 (Daily Classic R2) and 96.12 (Annual High). Next support to the downside can be found at 95.74 (Daily Open), 95.73 (Monthly High), 95.68 (Daily Low), 95.66 (Hourly 20 EMA) and 95.65(Weekly High).
The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 60.13, down from 69.06 at the last hour close, while ADX is ranging at 28.17, down from 33.60 previous. Meanwhile, daily RSI is in neutral territory at 61.98. On the hourly AUD/JPY chart, the 200 SMA is climbing and currently at 95.47, up from the previous hour close at 94.81. On average, the exponential closing price for the past 20 days is 94.89, with the trend indicating a continuation higher ahead.
What price levels and patterns have to be considered?
Current price is 95.78, with resistance ahead at 95.84 (Yesterday's High), 95.87 (Daily Classic R1), 95.89 (Daily High), 96.08 (Daily Classic R2) and 96.12 (Annual High). Next support to the downside can be found at 95.74 (Daily Open), 95.73 (Monthly High), 95.68 (Daily Low), 95.66 (Hourly 20 EMA) and 95.65(Weekly High).