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18 Jul 2013
AUD/JPY stalling below 92.00
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 92.00 round, off late London session weekly highs at 92.20, a +0.39% higher from previous Asia-Pacific open yesterday, and +2.22% for the week.
AUD/JPY bearish below 93.10
According to IFR Markets analyst Richard Sexton, the bounce from the 90 level, area of support for last several weeks, “may be close to completion,” the analyst said, adding: “Broad sideways consolidation at long term support by 90 is bearish. Normally a consolidation above support precedes a breakdown.” He estimates that “a daily close above 200 DMA at 93.10 would change bearish outlook.”
AUD/JPY key technical levels
Immediate support to the downside for AUD/JPY lies at July 09 lows 91.76, followed by yesterday's lows at 91.44, and Friday's highs at 91.04. To the upside, closest resistance shows at mentioned London session highs and July 11 highs 92.18/20, followed by July 06/08 highs at 92.29/36, and July 10 highs at 92.93.
AUD/JPY bearish below 93.10
According to IFR Markets analyst Richard Sexton, the bounce from the 90 level, area of support for last several weeks, “may be close to completion,” the analyst said, adding: “Broad sideways consolidation at long term support by 90 is bearish. Normally a consolidation above support precedes a breakdown.” He estimates that “a daily close above 200 DMA at 93.10 would change bearish outlook.”
AUD/JPY key technical levels
Immediate support to the downside for AUD/JPY lies at July 09 lows 91.76, followed by yesterday's lows at 91.44, and Friday's highs at 91.04. To the upside, closest resistance shows at mentioned London session highs and July 11 highs 92.18/20, followed by July 06/08 highs at 92.29/36, and July 10 highs at 92.93.