AUD/JPY Price Analysis: Hits 17-year high above 106.00 on JPY weakness
24.06.2024, 21:25

AUD/JPY Price Analysis: Hits 17-year high above 106.00 on JPY weakness

  • AUD/JPY hits a 17-year peak at 106.37, following the BoJ's decision to maintain interest rates.
  • Technicals indicate a strong uptrend with RSI in bullish territory; upcoming resistance at 106.50 and 107.00.
  • Support levels include Tenkan-Sen at 104.98, Senkou Span A at 104.73, and Kijun-Sen at 104.49.

The Australian Dollar surged to a new 17-year high of 106.37 against the Japanese Yen as the Bank of Japan failed to increase interest rates on its latest monetary policy decision, which weighed on the Japanese currency. Therefore, the AUD/JPY rallied higher and traded at 106.22, up 0.16%.

AUD/JPY Price Analysis: Technical outlook

The AUD/JPY cross-pair uptrend remains intact, with the pair breaching the previous year-to-date (YTD) high of 104.94, which opened the door to test 105.00 and beyond. Even though momentum favors buyers with the Relative Strength Index (RSI) in bullish territory, downside risks remain due to verbal intervention by Japanese authorities.

If the JPY continued to depreciate steadily, that could pave the way for further gains. The next resistance would be the 106.50, ahead of 107.00. UP next would be the October 2007 peak at 107.86.

Conversely, if the cross-pair extends its losses past 106.00, the first support would be the Tenkan-Sen at 104.98, followed by the Senkou Span A at 104.73. Once cleared, the bull’s last line of defense would be the Kijun-Sen at 104.49.

AUD/JPY Price Action – Daily Chart

AUD/JPY

Overview
Today last price 106.26
Today Daily Change 0.12
Today Daily Change % 0.11
Today daily open 106.14
 
Trends
Daily SMA20 104.35
Daily SMA50 102.95
Daily SMA100 100.64
Daily SMA200 98.49
 
Levels
Previous Daily High 106.16
Previous Daily Low 105.47
Previous Weekly High 106.16
Previous Weekly Low 103.59
Previous Monthly High 104.87
Previous Monthly Low 99.93
Daily Fibonacci 38.2% 105.9
Daily Fibonacci 61.8% 105.73
Daily Pivot Point S1 105.69
Daily Pivot Point S2 105.23
Daily Pivot Point S3 105
Daily Pivot Point R1 106.38
Daily Pivot Point R2 106.62
Daily Pivot Point R3 107.07

 

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik