AUD/JPY Price Analysis: Bears take control as pair extends losing streak

AUD/JPY posts a three-day losing streak, trading near its lowest levels since mid-September.
RSI declines toward oversold territory, signaling persistent downside pressure.
MACD histogram prints rising red bars, reflecting strengthening bearish momentum.

Patricio Martín FXStreet

AUD/JPY extended its downward trajectory on Thursday, marking a third consecutive day of losses and trading around its lowest levels since mid-September. The pair remains under pressure, with sellers firmly in control after breaching key support levels. The broader technical structure suggests that bearish forces could continue to dominate in the near term.

Technical indicators reinforce the prevailing downtrend. The Relative Strength Index (RSI) is steadily declining and is now hovering near oversold territory, indicating that downside momentum remains intact. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram shows rising red bars, further highlighting increasing bearish sentiment.

Looking ahead, key support is seen around 93.30, a level that previously acted as a floor in September. A break below this could open the door toward 93.00. On the upside, initial resistance stands at 95.50, aligning with the 20-day Simple Moving Average (SMA), followed by a more significant barrier at 96.00. A recovery above these levels would be needed to shift the bearish outlook.

AUD/JPY daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD keeps the rangebound trade near 1.1850

EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.

GBP/USD flirts with daily lows near 1.3630

GBP/USD has quickly given back Friday’s solid gains, turning lower at the start of the week and drifting back towards the 1.3630 area. The focus now shifts squarely to Tuesday’s UK labour market report, which is likely to keep the quid firmly in the spotlight and could set the tone for Cable’s next move.

Gold battle around $5,000 continues

Gold is giving back part of Friday’s sharp rebound, deflating below the key $5,000 mark per troy ounce as the new week gets underway. Modest gains in the US Dollar are keeping the metal in check, while thin trading conditions, due to the Presidents Day holiday in the US, are adding to the choppy and hesitant tone across markets.

AI Crypto Update: Bittensor eyes breakout as AI tokens falter

The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.