AUD/JPY Price Analysis: Falls to four-week lows amid strong JPY

AUD/JPY continues to lose ground, falling below the Kijun-Sen line and reaching a four-week low at 94.11.
Despite recent losses, the pair maintains an upward bias, remaining above the Ichimoku Cloud.
Key support levels to watch are at 94.00, followed by the Senkou Span B line at 93.41, and December 13 daily high turned support at 93.35. Breach of these could expose the 93.00 level.
To reverse the trend, AUD/JPY buyers must reclaim the Kijun-Sen line at 95.18 and challenge the Tenkan-Sen line at 95.47.

Christian Borjon Valencia FXStreet

AUD/JPY extended its losses below the Kijun-Sen line after sellers broke technical support levels at around 95.18 before cracking the former at 94.90. The AUD/JPY slid to a new four-week low at 94.11 before stabilizing around current exchange rates. At the time of writing, the AUD/JPY is trading at 94.32, down 0.03% as the Asian session begins.

AUD/JPY Price Analysis: Technical outlook

From a technical perspective, the AUD/JPY is still upward biased, as it remains above the Ichimoku Cloud, with the latest dip putting into play support levels not seen in a month. The 94.00 figure is next, followed by the Senkou Span B line at 93.41, and the December 13 daily high turned support at 93.35. If the cross falls below the latter, that could expose the 93.00 figure.

Conversely, the AUD/JPY buyers must reclaim the Kijun-Sen line at 95.18, so they can threaten to lift the pair above the Tenkan-Sen line at 95.47. In that outcome, the AUD/JPY's next resistance would be the October 21 high at 95.74, ahead of reaching the 96.00 mark.

AUD/JPY Price Action – Daily chart

AUD/JPY

Overview
Today last price	94.4
Today Daily Change	-0.74
Today Daily Change %	-0.78
Today daily open	95.14

Trends
Daily SMA20	96.02
Daily SMA50	93.32
Daily SMA100	91.48
Daily SMA200	91.82

Levels
Previous Daily High	95.59
Previous Daily Low	94.74
Previous Weekly High	96.84
Previous Weekly Low	94.74
Previous Monthly High	97.68
Previous Monthly Low	90.3
Daily Fibonacci 38.2%	95.06
Daily Fibonacci 61.8%	95.27
Daily Pivot Point S1	94.72
Daily Pivot Point S2	94.31
Daily Pivot Point S3	93.87
Daily Pivot Point R1	95.58
Daily Pivot Point R2	96.01
Daily Pivot Point R3	96.43

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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.