Forex: AUD/JPY threatening offers near 80.80
Forex pairs in this Article »
AUD/JPY
FXstreet.com (San Francisco) - AUDJPY has been in choppy consolidation with slight upside bias since the start of the week, printing higher daily highs and higher lows in the process. In higher timeframes, price continues to meander around a converging order of moving averages.
Overnight, the market reached a 4-day high of 80.77 before closing the North American session at 80.37, and, so far today in Asia, AUDJPY is threatening to retest offers in the 80.80 price zone and may be set for an attempt at a break higher.
Should price manage to push higher in the hours ahead, resistance is noted at 80.95 (Sep 20 low), then 81.20 (Aug 28 low) and 81.40 (23.6%, 77.44/83.56). To the downside, support lies at 80.40 (Oct 10 high), 80.07 (38.2%, 77.44/83.56) and 79.70 (June 27 high).
AUDJPY exchanges 80.60
Overnight, the market reached a 4-day high of 80.77 before closing the North American session at 80.37, and, so far today in Asia, AUDJPY is threatening to retest offers in the 80.80 price zone and may be set for an attempt at a break higher.
Should price manage to push higher in the hours ahead, resistance is noted at 80.95 (Sep 20 low), then 81.20 (Aug 28 low) and 81.40 (23.6%, 77.44/83.56). To the downside, support lies at 80.40 (Oct 10 high), 80.07 (38.2%, 77.44/83.56) and 79.70 (June 27 high).
AUDJPY exchanges 80.60
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