23 Aug 2013
AUD/JPY regains the 89.00 mark
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading near session highs at 89.01 bids, off recent late NY session lows at 88.66, still slightly in the negative for the week thus far, despite latest Yen weakness and Aussie recovery.
AUD/JPY eying the 90 resistance area
“We still view another rally to the 90 resistance area as likely in coming days,” said IFRMarkets analysts, adding: “Minor Fib resistance at 89.23 caps, a move thru eyes the Aug 19 hi at 90.12.” Bruce Clark, analyst at IFRMarkets, believes “Bottom is not confirmed until above August 19 high and 40 DMA at 90.12/15.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at early NY session and daily/Tuesday highs 89.19, followed by Aug 13 highs at 89.64, and August 14 highs at 89.83. To the downside, closest support lies at recent late NY session lows 88.66, followed by past Friday's lows at 88.60, and Wednesday's highs at 88.47.
AUD/JPY eying the 90 resistance area
“We still view another rally to the 90 resistance area as likely in coming days,” said IFRMarkets analysts, adding: “Minor Fib resistance at 89.23 caps, a move thru eyes the Aug 19 hi at 90.12.” Bruce Clark, analyst at IFRMarkets, believes “Bottom is not confirmed until above August 19 high and 40 DMA at 90.12/15.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at early NY session and daily/Tuesday highs 89.19, followed by Aug 13 highs at 89.64, and August 14 highs at 89.83. To the downside, closest support lies at recent late NY session lows 88.66, followed by past Friday's lows at 88.60, and Wednesday's highs at 88.47.