AUD/JPY Price Analysis: Struggles at Kijun-Sen aiming for 97.00

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  • AUD/JPY records a slight decline of 0.08% in the Asian trading session, currently positioned at 96.68, following a peak at 96.85.
  • Technically, AUD/JPY maintains a neutral stance, though surpassing 96.81 could lead the pair towards 97.00.
  • Conversely, inability to break above the Tenkan-Sen might trigger selling pressure, with initial support at Monday’s low of 96.18.

AUD/JPY began the Asian session with minuscule losses of 0.08%, as Wall Street’s turned negative towards the end of Monday’s trading session, ahead of the release of the US CPI data. The pair is trading at 96.68 after hitting a weekly high of 96.85.

From a technical standpoint, the AUD/JPY is neutral biased, facing resistance at the Tenkan-Sen level at 96.81. A breach of that area can open the door to test 97.00, followed by the 2023 high of 97.63m before reaching the 98.00 mark.

On the other hand, failure to conquer the Tenkan-Sen could expose the pair to some selling pressure, with bears targeting Monday’s low of 96.18. Up next would be the psychological 96.00 figure, followed by the Kijun-Sen at 95.83, and the top of the Ichimoku Cloud (Kumo) at 95.00.

AUD/JPY Price Analysis – Daily Chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price 96.72
Today Daily Change 0.33
Today Daily Change % 0.34
Today daily open 96.39
 
Trends
Daily SMA20 95.73
Daily SMA50 95.26
Daily SMA100 94.92
Daily SMA200 92.99
 
Levels
Previous Daily High 96.44
Previous Daily Low 96.04
Previous Weekly High 97.6
Previous Weekly Low 96.04
Previous Monthly High 96.42
Previous Monthly Low 93.05
Daily Fibonacci 38.2% 96.29
Daily Fibonacci 61.8% 96.19
Daily Pivot Point S1 96.13
Daily Pivot Point S2 95.88
Daily Pivot Point S3 95.73
Daily Pivot Point R1 96.54
Daily Pivot Point R2 96.69
Daily Pivot Point R3 96.94

 

 

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