AUD/JPY Price Analysis: Recovers from last week’s lows, faces resistance at 95.00

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  • AUD/JPY rises to a two-day high of 94.90, though it remains in a consolidation phase, with a mild bullish bias above the Ichimoku Cloud.
  • Immediate resistance set at the 95.00 level; surpassing this could challenge the 96.00 mark.
  • Support levels to watch include the top of the Kumo at 94.31 and the psychological 94.00 mark.

AUD/JPY bounced off last week’s lows, confluence with the bottom of the Ichimoku Cloud (Kumo) at around 94.00, and rose to a two-day high of 94.90 on Monday amidst a risk-on impulse. As Tuesday’s Asian session begins, the pair exchanges hands at 94.78, dips a minimal 0.03%.

the AUD/JPY pair remains in consolidation, unable to break below/above the 93.00/96.40 range, though as price action remains above the Kumo, the bias is mildly bullish. Therefore, the first resistance would be the 95.00 figure. A breach of the latter would expose the psychological 96.00 mark, followed by the top of the aforementioned resistance level at 96.40 and the year-to-date (YTD) high of 97.67.

On the flip side, the AUD/JPY first support would be the top of the Kumo at 94.31, followed by the 94.00 figure. Once cleared, the cross would die towards the October 3 daily low of 93.01.

AUD/JPY Price Action – Daily chart

AUD/JPY Key Technical Levels

AUD/JPY

Overview
Today last price 94.78
Today Daily Change 0.62
Today Daily Change % 0.66
Today daily open 94.16
 
Trends
Daily SMA20 95.17
Daily SMA50 94.56
Daily SMA100 94.62
Daily SMA200 92.51
 
Levels
Previous Daily High 94.89
Previous Daily Low 94.05
Previous Weekly High 95.83
Previous Weekly Low 94.05
Previous Monthly High 96.92
Previous Monthly Low 93.59
Daily Fibonacci 38.2% 94.37
Daily Fibonacci 61.8% 94.57
Daily Pivot Point S1 93.85
Daily Pivot Point S2 93.53
Daily Pivot Point S3 93.01
Daily Pivot Point R1 94.68
Daily Pivot Point R2 95.2
Daily Pivot Point R3 95.52

 

 

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