26 Mar 2014
AUD/JPY positioned for a continuation?
FXStreet (Guatemala) - AUD/JPY has moved through the 0.93 handle overnight and isn’t showing signs of any convincing supply ahead of 93.80/90 territory yet.
AUD/JPY has slowed down ahead of the 94.00 handle and has consolidated some of the upside, so far recording a high of 93.87. Meanwhile markets are waiting for the day ahead to unfold and are especially keen to hear RBA’s Govenor Stevens who is speaking later on in the session at 6GMT.
AUD/JPY bullish
AUD/JPY is set up with a bullish bias while RSI (14) still only reads 60 at the highs of the ascending trend-line. Hourly EMA5 is at 93.75 where the pair currently resides sitting above the pivot at 93.60 while momentum is slow.
AUD/JPY has slowed down ahead of the 94.00 handle and has consolidated some of the upside, so far recording a high of 93.87. Meanwhile markets are waiting for the day ahead to unfold and are especially keen to hear RBA’s Govenor Stevens who is speaking later on in the session at 6GMT.
AUD/JPY bullish
AUD/JPY is set up with a bullish bias while RSI (14) still only reads 60 at the highs of the ascending trend-line. Hourly EMA5 is at 93.75 where the pair currently resides sitting above the pivot at 93.60 while momentum is slow.