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27 Aug 2013
AUD/JPY constrained bellow 89.00 on Yen strength
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading near session lows at 88.90, off recent NY session and weekly highs at 89.28, dragged down on Yen strength and equities selling off ahead of the NY close.
AUD/JPY still validly bullish
For IFRMarkets analysts the AUD/JPY is still looking bullish in daily charts with latest “oversold bullish divergence bottom scenario” still valid, they said, looking for a close above 89.55 for confirmation, “to gain traction for a run to the Aug peak and 50-DMA, both at 90.12 now,” IFRMarkets added. The cross is about 10 pips lower for the week so far, with no news in the agenda for today's Asia-Pacific session ahead.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at mentioned weekly highs 89.28, followed by Friday's highs at 89.41, and July 15 lows at 89.64. To the downside, closest support lies at early NY session/weekly lows 88.63, followed by August 21 highs at 88.49, and August 02 lows at 87.89.
AUD/JPY still validly bullish
For IFRMarkets analysts the AUD/JPY is still looking bullish in daily charts with latest “oversold bullish divergence bottom scenario” still valid, they said, looking for a close above 89.55 for confirmation, “to gain traction for a run to the Aug peak and 50-DMA, both at 90.12 now,” IFRMarkets added. The cross is about 10 pips lower for the week so far, with no news in the agenda for today's Asia-Pacific session ahead.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at mentioned weekly highs 89.28, followed by Friday's highs at 89.41, and July 15 lows at 89.64. To the downside, closest support lies at early NY session/weekly lows 88.63, followed by August 21 highs at 88.49, and August 02 lows at 87.89.