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AUD/JPY Price Analysis: Bullish harami emerges as buyers reclaim 95.00

  • AUD/JPY is set to extend its gains but faces solid resistance at around 95.80.
  • A bullish resumption would happen with buyers reclaiming the Senkou Span A at 95.87.
  • A drop below the Kumo, expect further downside towards December’s low of 93.71.

The AUD/JPY gained over 0.30% in the day and trades at around 95.40 once it bounced off the daily lows of 94.72. The cross-pair finished the week with minuscule gains of 0.15%.

The pair staged a recovery to finish in the green despite breaching below the Ichimoku Cloud (Kumo) during the week. In addition, the AUD/JPY got inside the Kumo and formed a ‘bullish harami’ two-candlestick pattern, which would pave the way for further upside. If buyers reclaim the Senkou Span A at 95.87, that could pave the way for further gains, exposing the confluence of the Senkou Span B and the Kijun Sen at 96.14. Once cleared, the next resistance would be 97.00.

On the other hand, if the pair slips below the Kumo, the first support would be the December 14 daily low of 94.58, followed by the December 7 swing low of 93.71.

AUD/JPY Price Analysis – Daily Chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price95.4
Today Daily Change0.38
Today Daily Change %0.40
Today daily open95.02
 
Trends
Daily SMA2096.94
Daily SMA5096.29
Daily SMA10095.36
Daily SMA20093.64
 
Levels
Previous Daily High95.51
Previous Daily Low94.6
Previous Weekly High97.98
Previous Weekly Low93.73
Previous Monthly High98.66
Previous Monthly Low95.61
Daily Fibonacci 38.2%94.95
Daily Fibonacci 61.8%95.16
Daily Pivot Point S194.57
Daily Pivot Point S294.13
Daily Pivot Point S393.66
Daily Pivot Point R195.48
Daily Pivot Point R295.95
Daily Pivot Point R396.39

Author

Christian Borjon Valencia

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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