- Analytics
- News and Tools
- Market News
- AUD/JPY Price Analysis: Bulls regain momentum, eyeing 102.00
AUD/JPY Price Analysis: Bulls regain momentum, eyeing 102.00
- AUD/JPY up 0.87%, nearing 102.00 due to optimistic global financial outlook.
- Technicals: Upward momentum with RSI above 50 indicates bullish control.
- Resistances at 102.42 (Tenkan-Sen), 102.84 (2014 high), and 103.47 (April 26 high).
The AUD/JPY climbed 0.87% on Monday amid an upbeat market mood, sponsored by increased odds the US Federal Reserve might cut rates sooner than expected. The cross-pair trades at 101.94, shy of the 102.00 figure, as the Asian session begins.
AUD/JPY Price Analysis: Technical outlook
The AUD/JPY is neutral to upward biased, with momentum suggesting that buyers are in charge, with the Relative Strength Index (RSI) indicator standing above the 50-midline. If AUD/JPY buyers would like to extend their gains, they must reclaim 102.00. Once cleared, the next supply zone would be the Tenkan-Sen at 102.42. Once cleared, further gains lie, up at the 2014 yearly high of 102.84, ahead of the April 26 high of 103.47.
On the other hand, if bears drag prices below the Kijun-Sen at 101.36, that will pave the way for testing the Senkou Span B at 100.92. Further losses are seen at the May 1 low of 99.89.
AUD/JPY Price Action – Daily Chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
