AUD/JPY Price Analysis: Bulls remain hopeful of craking 83.00 after reclaiming the 100-DMA

The Australian dollar continues its weekly rally vs. the Japanese yen, up 1.79% in the week.
US equity indices finished Wednesday’s trading session with gains between 0.86% and 2.10%.
AUD/JPY Technical Outlook: An upside break above 83.00 could pave the way towards 85.00.

Christian Borjon Valencia FXStreet

The AUD/JPY extends its gains during the week rallies for the third straight day, taking advantage of an upbeat market mood. At the time of writing, the AUD/JPY is trading at 82.97.

Wall Street finished Wednesday’s trading session with gains, portraying the market player’s sentiment. The Nasdaq Composite rose 2.10%, up to 15.056.96, followed by the S&P 500, which jumped 1.45% towards 4,587.18, and the Dow Jones Industrial advanced 0.86%, closed at 35,768.06.

In the FX complex, risk-sensitive currencies posted gains led by antipodeans (NZD and AUD), the CAD, and the EUR, while safe-haven peers slid.

AUD/JPY Price Forecast: Technical outlook

On Tuesday’s article mentioned that “the AUD/JPY broke a bullish flag to the upside, though the 100-DMA capped the move.” Nevertheless, on Wednesday, AUD bulls reclaimed the 100-day moving average (DMA) at 82.56, sending the AUD/JPY near the 83.00 figure. Furthermore, a daily close above the aforementioned has been confirmed, confirming the shift to a neutral-bullish bias.

The AUD/JPY first resistance will be the 83.00 figure. An upside break would expose the four-month-old downslope trendline around the 83.25-40 range, followed by the January 5 daily high at 84.30 and then the 85.00 psychological figure.

On the flip side, failure at 83.00 could pave the way for further downward pressure in the cross-currency pair. The first support would be 82.00, extending the drop top-trendline of the bullish flag, viewed as a false breakout. A crackdown of the 82.00 mark would expose January 24 daily low at 80.69, followed by January 28 at 80.36.

AUD/JPY

Overview
Today last price	82.98
Today Daily Change	0.42
Today Daily Change %	0.51
Today daily open	82.56

Trends
Daily SMA20	81.97
Daily SMA50	81.99
Daily SMA100	82.54
Daily SMA200	82.45

Levels
Previous Daily High	82.56
Previous Daily Low	81.94
Previous Weekly High	82.29
Previous Weekly Low	80.55
Previous Monthly High	84.3
Previous Monthly Low	80.37
Daily Fibonacci 38.2%	82.32
Daily Fibonacci 61.8%	82.18
Daily Pivot Point S1	82.14
Daily Pivot Point S2	81.73
Daily Pivot Point S3	81.52
Daily Pivot Point R1	82.76
Daily Pivot Point R2	82.97
Daily Pivot Point R3	83.38

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.

GBP/USD drifts lower below 1.3250 on steady BoE rate path, traders await US jobs data

The GBP/USD pair loses traction to around 1.3240 during the Asian trading hours on Tuesday. A potential rate hike from the US Federal Reserve provides some support to the US Dollar against the British Pound. The US ADP employment data and the US Nonfarm Payrolls data will take center stage later this week.

EUR/USD softens to near 1.1400 as ECB tightening bets fade

The EUR/USD pair trades with mild losses around 1.1415 during the early Asian session on Tuesday. The Euro softens against the US Dollar as traders reduce their bets on the European Central Bank rate hikes this year.

Gold crashes with Japanese Yen as stops likely triggered

Gold is down nearly 1.50% so far in Tuesday’s Asian trading, sitting at a fresh seven-month low as the key $3,950 psychological barrier gave way amid a renewed wave of selling.

Solana, Zcash, and Hyperliquid rebound while Bitcoin remains below $60,000

The broader cryptocurrency market remains under pressure with Bitcoin below $60,000 on Tuesday, while Solana, Zcash and Hyperliquid emerge as top performers over the last 24 hours. Retail sentiment remains bearish with the Fear and Greed Index around 17 on Tuesday, during early Asian hours, maintaining an “Extreme Fear” signal.

Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.

Kevin Warsh isn't expected to say much in Sintra: That's exactly why markets will listen

Financial markets could find an important catalyst in the enchanting, fairytale-like landscape of Sintra this week. The ECB Forum will, as it does every year, gather the crème de la crème of central banks. The new boss at the Fed, who has clearly said that the Fed should stop explaining everything, will need to talk – and traders should listen.