23 Oct 2013
AUD/JPY wiping out gains at 95.12 session lows
FXstreet.com (Chicago) - AUD/JPY extends fall to 95.12 session lows after erasing session gains so far on bearish pressure after the Aussie’s weakening within the past hour.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 95.13, oscillating close to session lows and between supports aligned at 95 (October 16th highs), 94.70 (October 21st lows) ahead of 94.41 (October 17th highs) and the resistances set at 95.45 (October 22nd highs), 95.66 (February 26th highs) followed by 96 (May 30th lows). A potential double tops formation with session peaks and yesterday’s rally to 5-month highs seems to lose momentum as the pair retraces from altitudes but maintains the upward trendline intact.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 95.13, oscillating close to session lows and between supports aligned at 95 (October 16th highs), 94.70 (October 21st lows) ahead of 94.41 (October 17th highs) and the resistances set at 95.45 (October 22nd highs), 95.66 (February 26th highs) followed by 96 (May 30th lows). A potential double tops formation with session peaks and yesterday’s rally to 5-month highs seems to lose momentum as the pair retraces from altitudes but maintains the upward trendline intact.