28 Jun 2013
AUD/JPY easing off recent highs
FXstreet.com (New York) - The AUD/JPY technical cross has managed to record modest gains thus far, only to ease slightly ahead of a tranche of economic data in Japan within the hour.
AUD/JPY close above 91.75 negates bearishness
According to the Technical Analyst Team at ICN.com, “The AUD/JPY has retraced 50% Fib line of a rally that started June 2012-June 2013. Meanwhile, the short-term momentum is bearish, but risking a bounce due to its extreme OS zone. We will call for 90.50, adding at Monday s high, targeting 88.60. A close above 91.75 negates the bearish vision however.”
AUD/JPY clings to positive territory
Following the recent uptick, the AUD/JPY has eased slight off its overnight highs (91.46), back to the 91.35 level presently, en route to a +0.12% gain Friday. In terms of the technical levels, the AUD/JPY will face resistance at 91.62, onto 92.10, notes the Mataf.net analyst team.
AUD/JPY close above 91.75 negates bearishness
According to the Technical Analyst Team at ICN.com, “The AUD/JPY has retraced 50% Fib line of a rally that started June 2012-June 2013. Meanwhile, the short-term momentum is bearish, but risking a bounce due to its extreme OS zone. We will call for 90.50, adding at Monday s high, targeting 88.60. A close above 91.75 negates the bearish vision however.”
AUD/JPY clings to positive territory
Following the recent uptick, the AUD/JPY has eased slight off its overnight highs (91.46), back to the 91.35 level presently, en route to a +0.12% gain Friday. In terms of the technical levels, the AUD/JPY will face resistance at 91.62, onto 92.10, notes the Mataf.net analyst team.