Forex: AUD/JPY dealing with session highs ahead of Aussie jobs data
FXstreet.com (Barcelona) - On the back of USD strength across the board, and sudden Aussie weakness, AUDJPY is currently unchanged around session highs last at 93.61, and helped on Yen weakness, ahead of key risk event for the Asia-Pacific session today, in the form of Australian job and unemployment figures, crucial data for the AUD looking forward.
With USDJPY having formed an intraday head and shoulder reversal pattern with the head being yesterday's fresh weekly lows at 87.78, and neck line recent session lows at 88.33, the pair is now facing key ask line at 88.70, so far session highs. AUDJPY is still -0.23% down for the week, just minutes before Nikkei index opens.
Immediate resistance to the upside for AUDJPY shows at current levels as NY session highs 93.67, followed by yesterday's Asia-Pacific session highs at 93.88, and Monday's lows at 94.06. To the downside, nearest term support lies at Tuesday's lows 93.09, followed by Wednesday's fresh weekly lows at 92.45, and Jan 03 highs at 91.86.
With USDJPY having formed an intraday head and shoulder reversal pattern with the head being yesterday's fresh weekly lows at 87.78, and neck line recent session lows at 88.33, the pair is now facing key ask line at 88.70, so far session highs. AUDJPY is still -0.23% down for the week, just minutes before Nikkei index opens.
Immediate resistance to the upside for AUDJPY shows at current levels as NY session highs 93.67, followed by yesterday's Asia-Pacific session highs at 93.88, and Monday's lows at 94.06. To the downside, nearest term support lies at Tuesday's lows 93.09, followed by Wednesday's fresh weekly lows at 92.45, and Jan 03 highs at 91.86.
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