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15 Aug 2013
AUD/JPY struggles to break 90.00 but looking bullish
FXstreet.com (Barcelona) - AUD/JPY accumulates 0.20% gains so far and yet seems to retrace from 90.00 highs post AUD/USD strength after stops went off above 0.9160 and USD/JPY lost its allure following quick rise to 98.30.
There has also been reports that Japanese investors are increasing its demand towards AUD-denominated assets, which may be helping the AUD/JPY to sustain recent gains.
Price actions indicates the pair trades at 89.74, between supports at 89.46 (August 13th highs), 89.14 (June 21st lows) ahead of 88.91 (July 29th highs) and resistances at 90.00 (June 19th highs), 90.20 (July 14th lows) followed by 90.42 (June 29th lows). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis accumulating 0.20% gains so far.
There has also been reports that Japanese investors are increasing its demand towards AUD-denominated assets, which may be helping the AUD/JPY to sustain recent gains.
Price actions indicates the pair trades at 89.74, between supports at 89.46 (August 13th highs), 89.14 (June 21st lows) ahead of 88.91 (July 29th highs) and resistances at 90.00 (June 19th highs), 90.20 (July 14th lows) followed by 90.42 (June 29th lows). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis accumulating 0.20% gains so far.