Forex: AUD/JPY again below 80 round

FXstreet.com (Barcelona) - Both AUD and JPY, weaker than rivals, have made AUDJPY turn also lower when Yen recently started a nice bounce sending USDJPY from session highs around 78.75 to fresh session lows at 78.55, while Aussie gaped down at the open and never filled it again for the session, last at 1.0160, thus sending AUDJPY to fresh session lows at 79.81. The cross is lower a -0.38% for the session since previous weekly close Friday. Local share markets are all in the red.

The cross is dealing barely above past week's lows at 79.73, lowest since early Sept, in a bid line coming from late June around 79.30, which looks like the neckline of a head and shoulders pattern, that is still holding pretty well. "AUDJPY up at 80.05-08, from morning 79.82-85. offers 80.10-20, eye break of 79.75 for test of key 79.50 again," say analysts at 4castweb.com, noting lack of liquidity given Tokyo is closed for holiday and the US ahead will also be closed on Columbus Day.

Immediate support to the downside show at Wednesday's lows 79.73, followed by Sept 05 lows at 79.65, and July 25 lows at 79.49. For the upside, closest resistance comes at Friday's/Thursday's lows at 78.89, followed by session highs at 80.11, and Oct 01 lows at 80.44.