13 May 2020
AUD/JPY Asia Price Forecast: Aussie on the defensive, challenges the 0.6900 figure vs. yen
- The AUD/JPY currency pair bull trend remains intact.
- Immediate support is seen near 0.6900 figure.
AUD/JPY four-hour chart
AUD/JPY consolidates the bullish advance seen last week while trading above its main SMAs on the four-hour chart. The bull trend remains intact with bulls looking at the 70.00 figure followed by the 71.00 and 71.60 levels. Support can emerge near 69.00, 68.40 and 68.00 levels in the medium-term.
Additional key levels