AUD/JPY Price Analysis: Bulls step in and steal the 20-day SMA

AUD/JPY was seen trading around the 95.30 area ahead of the Asian session, extending its rally.
The pair climbed above the 20-day SMA, with indicators shifting into positive territory, suggesting sustained bullish momentum.

Patricio Martín FXStreet

AUD/JPY surged on Monday ahead of the Asian session, gaining traction and trading near the 95.30 zone after a strong bullish advance. Buyers took control, pushing the pair beyond the 20-day Simple Moving Average (SMA), signaling a shift in momentum that could sustain further gains in the near term.

The Relative Strength Index (RSI) is trending higher in positive territory, reflecting the renewed strength of buyers, while the Moving Average Convergence Divergence (MACD) is printing rising green bars, reinforcing the improving outlook. The bullish crossover in momentum indicators suggests that the pair could maintain its upward trajectory.

Looking ahead, immediate resistance is seen at 95.50, with a breakout above this level paving the way toward 96.00. On the downside, initial support lies near 94.50, followed by a stronger floor around 94.00. As long as the pair holds above the 20-day SMA, the short-term outlook remains constructive for bulls.

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.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.