24 Jun 2014
AUD/JPY is defying forces of fundamentals
FXStreet (Guatemala) - AUD/JPY is trading at 95.96, down -0.07% on the day, having posted a daily high at 96.11 and low at 95.92.
Despite the recent upsurge from the strong PMI readings in China, Japans own PMI’s have given the yen a boost it seems and although the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. With 96.00 being penetrated here this is exposing the 95.80 support as a key area which will open up an opportunity to potentially clean up all the way through onto 95.40.
AUD/JPY Levels
Spot is presently trading at 95.97, and next resistance can be seen at 96.02 (Hourly 20 EMA), (Daily Classic PP), 96.03 (Monthly High), (Weekly High) and (Daily Open). Next support to the downside can be found at 95.92 (Daily Low), 95.80 (Hourly 100 SMA).
Despite the recent upsurge from the strong PMI readings in China, Japans own PMI’s have given the yen a boost it seems and although the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. With 96.00 being penetrated here this is exposing the 95.80 support as a key area which will open up an opportunity to potentially clean up all the way through onto 95.40.
AUD/JPY Levels
Spot is presently trading at 95.97, and next resistance can be seen at 96.02 (Hourly 20 EMA), (Daily Classic PP), 96.03 (Monthly High), (Weekly High) and (Daily Open). Next support to the downside can be found at 95.92 (Daily Low), 95.80 (Hourly 100 SMA).