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AUD/JPY Price Analysis: Remains subdued amid rising geopolitical tensions, bearish harami looms

  • AUD/JPY holds steady as Tuesday’s Asian session unfolds, maintaining a near-flat trading position.
  • Eyes on 95.55 for potential bullish continuation, while 95.00 poses a threat to ongoing stability.
  • A breakthrough above 95.55 could unlock paths to September highs, with 97.00 in sight.

AUD/JPY resumed its uptrend on Monday but failed to crack last Friday’s high of 95.55 due to a risk-off impulse, given the resurgence of fights between Israel and Hamas after the latter delivered an attack during the Yom Kippur holidays. The AUD/JPY is trading at 95.16, almost flat as Tuesday’s Asian session begins.

The daily chart portrays the pair as neutral biased, though it formed a ‘bearish-harami’ two-candlestick pattern, which could open the door for further losses. Yet if AUD/JPY breaks above last Friday’s high of 95.55, that would open the door for further upside, exposing the September 29 daily high of 96.92. Once cleared, the 97.00 figure would be up for grabs.

Short term, the AUD/JPY is set to extend its gains, as price action is above the Ichimoku Cloud (Kumo) set to extend its gains. First, resistance would emerge at 95.55, followed by the 96.00 threshold. On the other hand, if the pair extend its losses below the intersection of the Kijun and Tenkan-Sen levels at around 95.00, that would exacerbate the AUD/JPY downtrend. First support would be the Senkou-Span B at 94.94, followed by the 94.68 mark and the October 6 daily low of 94.33.

AUD/JPY Price Action – Hourly chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price95.2
Today Daily Change-0.15
Today Daily Change %-0.16
Today daily open95.35
 
Trends
Daily SMA2095.08
Daily SMA5094.46
Daily SMA10094.44
Daily SMA20092.38
 
Levels
Previous Daily High95.56
Previous Daily Low94.34
Previous Weekly High96.42
Previous Weekly Low93.05
Previous Monthly High96.92
Previous Monthly Low93.59
Daily Fibonacci 38.2%95.09
Daily Fibonacci 61.8%94.8
Daily Pivot Point S194.6
Daily Pivot Point S293.86
Daily Pivot Point S393.38
Daily Pivot Point R195.82
Daily Pivot Point R296.3
Daily Pivot Point R397.04

Author

Christian Borjon Valencia

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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