AUD/JPY Price Analysis: Recovers from weekly losses, still bearish below 96.00

Despite printing daily gains, the AUD/JPY is set to finish the week down by more than 2%.
Daily chart suggests a neutral to downward bias for the pair, with potential upside risks if a daily close is within Ichimoku Cloud boundaries.
A daily close occurs below the top of the Kumo, the potential for further losses; with key support seen at 95.00, followed by a December 8 low of 94.17.
Upside resistance includes November 10 swing low-turned resistance at 95.85, ahead of the 96.00 figure, and the Kijun-Sen at 96.14.

Christian Borjon Valencia FXStreet

The AUD/JPY trimmed some of its Thursday’s losses on Friday, and aims higher 0.27% in late trading during the North American session. Even though the pair is up daily, would finish the week with losses of more than 2.50%, a consequence of comments by Bank of Japan’s (BoJ) Governor Ueda. Therefore, the cross is trading at 95.40, after hitting a daily low of 94.17.

The daily chart portrays the pair as neutral to downward biased, though upside risks remain. If AUD/JPY achieves a daily close within the Ichimoku Cloud (Kumo) boundaries, that could pave the way for further losses; otherwise, the pair could challenge the December 7 high of 96.49.

If AUD/JPY achieves a daily close below the top of the Kumo, the first support would be the 95.00 figure. A breach of the latter will expose the December 8 low of 94.17, ahead of the 94.00 mark

On the upside, if the pair edges above the peak of the Kumo, the first resistance would be the November 10 swing low-turned resistance at 95.85, ahead of the 96.00 figure. The next resistance would be the Kijun-Sen at 96.14.

AUD/JPY Price Analysis – Daily Chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price	95.39
Today Daily Change	0.48
Today Daily Change %	0.51
Today daily open	94.91

Trends
Daily SMA20	97.42
Daily SMA50	96.23
Daily SMA100	95.34
Daily SMA200	93.52

Levels
Previous Daily High	96.54
Previous Daily Low	93.73
Previous Weekly High	98.5
Previous Weekly Low	97.24
Previous Monthly High	98.66
Previous Monthly Low	95.61
Daily Fibonacci 38.2%	94.8
Daily Fibonacci 61.8%	95.47
Daily Pivot Point S1	93.58
Daily Pivot Point S2	92.25
Daily Pivot Point S3	90.76
Daily Pivot Point R1	96.4
Daily Pivot Point R2	97.88
Daily Pivot Point R3	99.21

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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