- Home
- Analytics
- Market News
- AUD/JPY Price Analysis: Hovers around 95.00 as bearish signals emerge
Market news
AUD/JPY Price Analysis: Hovers around 95.00 as bearish signals emerge
- AUD/JPY remains largely unchanged at 95.01, but recent price action suggests a possible correction could be on the horizon.
- The pair has formed a ‘bearish-harami’ candlestick pattern on the daily chart, indicating potential downside risks.
- Short-term outlook turns bearish as the pair falls below the Kumo.
The Australian Dollar (AUD) trimmed some of its last week’s gains versus the Japanese Yen (JPY), which dropped 0.05% on Monday. However, as the Tuesday Asian session begins, the AUD/JPY hovers at around 95.01, unchanged.
From a daily chart perspective, the AUD/JPY is neutral to upward biased. Still, price action during the last couple of days suggests the cross-currency pair is headed for a correction, as it formed a ‘bearish-harami’ candlestick pattern formed by an inverted hammer and a doji. Hence, the cross-first support would be the 95.00 figure, followed by the top of the Ichimoku Cloud (Kumo) at 94.74, followed by the Tenkan-Sen line at 94.56, and followed by the Kijun-Sen at 94.17.
Short-term, the cross-currency pair has fallen below the Kumo, suggesting the pair turned bearish bias. To resume its downtrend, AUD/JPY sellers must drag prices below the September 18 swing low of 94.78. That would reaffirm the bearish bias and open the door to test the September 14 swing low of 94.50, followed by an upslope support trendline around 94.20/40. A decisive break and the 94.00 threshold would be next.
AUD/JPY Price Action – Hourly chart
AUD/JPY Technical Levels
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.
-
Customer Support
-
Dealing Desk
© 2011-2023 TeleTrade-DJ International Consulting Ltd
This website is operated by TeleTrade-DJ International Consulting Ltd which is registered with the Department of Registrar of Companies and Intellectual Property of the Companies of the Republic of Cyprus as a private limited company with registration number HE272810 and is authorized by the Cyprus Securities and Exchange Commission ("CySEC") to act as a licensed Cyprus Investment Firm ("CIF") with license number 158/11. TeleTrade-DJ International Consulting Ltd operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.
Please read our full Terms of Use.
To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
