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20 Aug 2015
AUD/JPY bears in charge again
FXStreet (Guatemala) - AUD/JPY is currently trading at 90.60 with a high of 91.32 and a low of 90.24.
AUD/JPY is in bearish territory with USD/JPY breaking down below the key 124 handle and momentum is leading with a bearish bias towards the 123 handle support. AUD/USD is vulnerable while attempts at the upside have been able to break out of significant resistance zone of 0.7440 that caps the pair. The rest of the week is quiet now that the FOMC minutes have been digested and the RBA and BoJ do not meet until the 1st and 14th September respectively.
AUD/JPY recoveries are shallow
AUD/JPY has started to carve out the downside after the minor recovery to a shallow 91.00 ran out of steam and bears take back control. The pair has been testing the 90.50 supporting zone and a break of this could open 89.16 July lows as next target. On the upside, the resistance at 92.80 guards a recovery to 94.40 resistance and late june bearish gap territory.
AUD/JPY is in bearish territory with USD/JPY breaking down below the key 124 handle and momentum is leading with a bearish bias towards the 123 handle support. AUD/USD is vulnerable while attempts at the upside have been able to break out of significant resistance zone of 0.7440 that caps the pair. The rest of the week is quiet now that the FOMC minutes have been digested and the RBA and BoJ do not meet until the 1st and 14th September respectively.
AUD/JPY recoveries are shallow
AUD/JPY has started to carve out the downside after the minor recovery to a shallow 91.00 ran out of steam and bears take back control. The pair has been testing the 90.50 supporting zone and a break of this could open 89.16 July lows as next target. On the upside, the resistance at 92.80 guards a recovery to 94.40 resistance and late june bearish gap territory.