AUD/JPY Price Analysis: Hesitates at around 95.00, as mixed technical signals, suggest consolidation

AUD/JPY stalls at 95.00, with the Tenkan-Sen cross below the Kijun-Sen.
Key technical indicators hint at shifting to a neutral bias in the AUD/JPY pair.
AUD/JPY bullish resumption hinges on reclaiming the Tenkan-Sen line at 94.77.

Christian Borjon Valencia FXStreet

AUD/JPY losses some steam after hitting a daily high of 94.91 and aims lower by 0.34% on a risk-off impulse. The AUD/JPY pair faced the Tenkan-Sen line but failed to gain traction past the 95.00 mark, exacerbating a fall to the current exchange rate. At the time of writing, the AUD/JPY Is trading at 94.52.

AUD/JPY Price Analisis: Technical outlook

From a medium-term bias, the AUD/JPY is neutral to upward biased, but more technical indicators suggest the pair would shift neutral. The cross of the Tenkan-Sen below the Kijun-Sen, and price action moving beneath both, are the first two bearish signals. Those, along with the cross of the Chikou Span, below the June 13 daily candle, opened the door for the AUD/JPY to consolidate within the June 13 daily high and low of 93.97/95.05, eyeing a fresh catalyst to break the top/bottom of the range.

The AUD/JPY must claim the Tenkan-Sen line at 94.77 for a bullish resumption. A breach of the latter will expose the 95.00 figure, followed by the Kijun-Sen line at 95.11, which, once cleated, could pave the way for further upside past the October 21 daily high of 95.74.

Conversely, for a bearish continuation, the AUD/JPY first support would be the current week low of 94.01, followed by the July 12 swing low of 93.23. Once both support levels give way, the 93.00 psychological level would be up next.

AUD/JPY Price Action – Daily chart

AUD/JPY

Overview
Today last price	94.58
Today Daily Change	-0.35
Today Daily Change %	-0.37
Today daily open	94.93

Trends
Daily SMA20	95.7
Daily SMA50	93.71
Daily SMA100	91.59
Daily SMA200	91.85

Levels
Previous Daily High	95.38
Previous Daily Low	94.55
Previous Weekly High	95.48
Previous Weekly Low	93.27
Previous Monthly High	97.68
Previous Monthly Low	90.3
Daily Fibonacci 38.2%	94.87
Daily Fibonacci 61.8%	95.06
Daily Pivot Point S1	94.52
Daily Pivot Point S2	94.12
Daily Pivot Point S3	93.68
Daily Pivot Point R1	95.36
Daily Pivot Point R2	95.79
Daily Pivot Point R3	96.2

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.

AUD/USD hangs near three-week low, below 0.6950 as traders await US NFP report

AUD/USD hits a three-week low during the Asian session on Friday as the RBA’s dovish shift and a rout in equity markets weigh on the risk-sensitive Aussie. However, the recent slump in US bond yields to a two-month low keeps US Dollar bulls on the back foot and limits losses for the currency pair as traders look to the US NFP report for a fresh impetus.

USD/JPY bounces off three-week low; keeps the red near 157.65 as focus remains on US NFP

USD/JPY bounces off the weekly low set during the Asian session, as bears turn cautious ahead of the US NFP report due later this Friday. The upside seems limited as the recent slump in US bond yields and hopes of Iran war de-escalation undermine the US Dollar. Moreover, a hawkish BoJ and intervention risks support the Japanese Yen, capping the pair.

Gold loses the grip; $4,000 comes next on the downside

Gold sets aside two daily advances in a row on Friday, opening the door to a potential test of the key $4,000 mark per troy ounce. The precious metal’s retracement follows a decent improvement in the sentiment surrounding the US Dollar, solid NFP data and higher US Treasury yields across the board.

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Week ahead – Inflation and geopolitics in focus as US political landscape shifts

Post-midterm election euphoria fizzles out as risk aversion prevails. US CPI, PPI and Fedspeak on the radar as Fed hike bets remain supported. Oil retreat pauses on mixed hopes about the ongoing conflicts.

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.