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8 Jul 2013
AUD/JPY limited below the 92 handle
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last at 91.85 off fresh session highs at 91.95, practically unchanged from previous weekly close Friday, minutes away from Japan current account at 23:50 GMT.
AUD/JPY eventually to move lower
According to FX Charts analyst Jim Langlands, “I suspect that eventually we are going to have a move to the downside, potentially to around 89.80, a break of which could see it head quite sharply lower, possibly towards the 87.00 area. I suspect the cross is building a triangle, with the resistance top currently at 92.15.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session highs 91.95, followed by July 01/Friday's highs at 92.24/30, and July 03 highs at 92.44. To the downside, closest support lies at June 27/28 highs 91.70, followed by July 02/Friday's lows at 91.30/24, and July 04 Asian session highs at 91.21.
AUD/JPY eventually to move lower
According to FX Charts analyst Jim Langlands, “I suspect that eventually we are going to have a move to the downside, potentially to around 89.80, a break of which could see it head quite sharply lower, possibly towards the 87.00 area. I suspect the cross is building a triangle, with the resistance top currently at 92.15.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session highs 91.95, followed by July 01/Friday's highs at 92.24/30, and July 03 highs at 92.44. To the downside, closest support lies at June 27/28 highs 91.70, followed by July 02/Friday's lows at 91.30/24, and July 04 Asian session highs at 91.21.