12 Nov 2013
AUD/JPY whipsaws 92.80 front
FXstreet.com (Chicago) - AUD/JPY extends trading range ahead of Tokyo’s opening printing a rectangular pattern on trendless movements.
Ahead of consumer confidence indexes in Japan along the National Australia Bank’s business confidence results, price action reveals a pair on corrective movement around front explored the past two weeks. GDP data in Japan is due on Wednesday with potential high impact on the pair’s performance. In the meantime, the pair seems to model Monday’s performance with little action and trendless movements.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 92.81 and oscillates between the supports aligned at 92.71 (October 31st lows), 92.31 (October 2nd highs) followed by 92 (October 4th highs) and the resistances set at 93.58 (October 30th highs), 94.13 (November 6th highs) ahead of 94.69 (October 21st lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.
Ahead of consumer confidence indexes in Japan along the National Australia Bank’s business confidence results, price action reveals a pair on corrective movement around front explored the past two weeks. GDP data in Japan is due on Wednesday with potential high impact on the pair’s performance. In the meantime, the pair seems to model Monday’s performance with little action and trendless movements.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 92.81 and oscillates between the supports aligned at 92.71 (October 31st lows), 92.31 (October 2nd highs) followed by 92 (October 4th highs) and the resistances set at 93.58 (October 30th highs), 94.13 (November 6th highs) ahead of 94.69 (October 21st lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.