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.

Christian Borjon Valencia FXStreet

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 price	95.4
Today Daily Change	0.38
Today Daily Change %	0.40
Today daily open	95.02

Trends
Daily SMA20	96.94
Daily SMA50	96.29
Daily SMA100	95.36
Daily SMA200	93.64

Levels
Previous Daily High	95.51
Previous Daily Low	94.6
Previous Weekly High	97.98
Previous Weekly Low	93.73
Previous Monthly High	98.66
Previous Monthly Low	95.61
Daily Fibonacci 38.2%	94.95
Daily Fibonacci 61.8%	95.16
Daily Pivot Point S1	94.57
Daily Pivot Point S2	94.13
Daily Pivot Point S3	93.66
Daily Pivot Point R1	95.48
Daily Pivot Point R2	95.95
Daily Pivot Point R3	96.39

Author

Christian Borjon Valencia

FXStreet

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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