AUD/JPY Price Analysis: Climbs towards weekly highs, shy of testing 96.00

AUD/JPY trades with slight gains at 95.65, lingering below the weekly high of 95.73.
Bullish technical indicators hint at upward potential, including a favorable Ichimoku Cloud setup.
Key resistance and support levels were identified at 96.00 and 95.12, respectively, framing the short-term outlook.

Christian Borjon Valencia FXStreet

AUD/JPY marches high late in the New York session but remains trading below the daily/weekly high reached earlier during the North American session at around 95.73, though it remains trading with minuscule gains of 0.02%, at around 95.65.

Price action depicts the cross-currency pair remaining sideways, though slightly tilted to the upside. The AUD/JPY sits above the Ichimoku Cloud (Kumo), a bullish signal, with the Tenkan and Kijun-Sen located in an orderly bullish way, while Chikou Span turned bullish three days ago. Hence, in the near-term, the pair is upward biased.

The AUD/JPY first resistance would be the 96.00 figure, followed by the September 29 swing high at 96.92, before testing the 97.00 mark. On the flip side, the cross-pair first support would be the October 10 daily low of 95.12, followed by the 95.00 mark. Once those two levels are cleared, the AUD/JPY could slide towards testing the October 3 low of 93.01.

AUD/JPY Price Action – Daily chart

AUD/JPY Key Technical Levels

AUD/JPY

Overview
Today last price	95.64
Today Daily Change	0.00
Today Daily Change %	0.00
Today daily open	95.64

Trends
Daily SMA20	95.18
Daily SMA50	94.47
Daily SMA100	94.51
Daily SMA200	92.45

Levels
Previous Daily High	95.66
Previous Daily Low	95.13
Previous Weekly High	96.42
Previous Weekly Low	93.05
Previous Monthly High	96.92
Previous Monthly Low	93.59
Daily Fibonacci 38.2%	95.46
Daily Fibonacci 61.8%	95.33
Daily Pivot Point S1	95.3
Daily Pivot Point S2	94.95
Daily Pivot Point S3	94.77
Daily Pivot Point R1	95.83
Daily Pivot Point R2	96.01
Daily Pivot Point R3	96.35

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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