5 Dec 2014
AUD/JPY breaks above 101.00
FXStreet (Córdoba) - AUD/JPY gained bullish momentum after NFP and broke above 101.00. The pair climbed to 101.35, reaching the strongest level since November 25.
Currently trades at 101.12, after the retreated from the highs found support above 101.00 and is consolidating daily and weekly gains. The yen was the worst performer among the most traded currencies and boosted AUD/JPY.
AUD/JPY level to watch
To the upside, immediate resistance is seen at 101.35 (daily high) and above here at 102.00 and 102.45. On the opposite direction, support might lie at 100.95 and below here at 100.65 followed by 100.20 (Dec 4 low).
Currently trades at 101.12, after the retreated from the highs found support above 101.00 and is consolidating daily and weekly gains. The yen was the worst performer among the most traded currencies and boosted AUD/JPY.
AUD/JPY level to watch
To the upside, immediate resistance is seen at 101.35 (daily high) and above here at 102.00 and 102.45. On the opposite direction, support might lie at 100.95 and below here at 100.65 followed by 100.20 (Dec 4 low).