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Apr 19 - 08:55 PM

AUD/JPY - Off To A Flying Start In Asia After Big Gains

By John Noonan  —  Apr 19 - 06:55 PM
  • AUD/JPY rose 1.5% on Tuesday and is up 0.50% since the close

  • The AUD/JPY has broken the 76.4 of the 2013/2020 move at 94.67

  • It is currently around 95.50 with next resistance at the 2015 high at 97.28

  • The objective of the move is a full retracement to the 2013 high at 105.43

  • AUD/JPY trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • A break below the 10-day MA at 93.59 would warn of fading momentum

  • For more click on FXBUZ









audjpy 1 Click here

audjpy 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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