• AUD/JPY plummeted by 270 pips in two days and is losing in the week 0.54%.
  • Worldwide S&P Global PMIs spurred global recession fears, as all missed estimations.
  • AUD/JPY Price Analysis: It is still upward biased, but the price is closing to the bottom of a rising wedge which, once broken, may send the pair towards 85.00.

The AUD/JPY plunged on Thursday for the second straight day, diving 1.39%, reaching on its way south a daily low near 92.64, though on Friday, as the Asian session began, AUD/JPY buyers reclaimed the 93.00 mark. At the time of writing, the AUD/JPY is trading at 93.10.

The market sentiment seesawed throughout Thursday’s session. Meanwhile, Asian equity futures follows Thursday’s Wall Street mood, climbing between 0.05% and 1%. Dismal S&P Global PMIs reported from the Eurozone, the UK, and the US, threaten to derail growth, with readings accelerating towards the 50 midline, which, broken to the downside, depicts that the economy is entering a contraction phase.

AUD/JPY Price Analysis: Technical outlook

Daily chart

From a technical perspective, the AUD/JPY remains upward biased but under selling pressure. Price action in the last couple of days witnessed a 270 pip fall, from around weekly highs near 95.28, towards 92.64, June 23 lows.

It’s worth noting that AUD/JPY’s price is closing towards the rising wedge bottom trendline, meaning a break below would send the cross towards 85.00. However, on its way south, the AUD/JPY will need to breach crucial supports on its way south.

Therefore, if the above scenario plays out, the AUD/JPY first support would be the 50-day exponential moving average (EMA) at 92.44. Break below would send the cross aiming towards the 100-EMA at 89.83, followed by a fall to the 200-EMA at 86.13.

AUD/JPY Key Technical Levels


Today last price 93.10
Today Daily Change -1.29
Today Daily Change % -1.37
Today daily open 94.39
Daily SMA20 93.76
Daily SMA50 92.51
Daily SMA100 89.64
Daily SMA200 86.05
Previous Daily High 95.32
Previous Daily Low 93.59
Previous Weekly High 94.99
Previous Weekly Low 91.97
Previous Monthly High 94.03
Previous Monthly Low 87.31
Daily Fibonacci 38.2% 94.25
Daily Fibonacci 61.8% 94.66
Daily Pivot Point S1 93.55
Daily Pivot Point S2 92.71
Daily Pivot Point S3 91.83
Daily Pivot Point R1 95.27
Daily Pivot Point R2 96.16
Daily Pivot Point R3 97



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

EUR/USD steadies near 1.0550, looks to post modest weekly gains

EUR/USD steadies near 1.0550, looks to post modest weekly gains

EUR/USD has lost its bullish momentum after having climbed above 1.0570 with the initial reaction to the US data in the American session and retreated toward the mid-1.0500s. On a weekly basis, the pair remains on track to close in positive territory. 


GBP/USD struggles to hold above 1.2300

GBP/USD struggles to hold above 1.2300

GBP/USD has edged lower following a jump above 1.2300 in the early American session on Friday. The market mood remains upbeat ahead of the weekend with Wall Street's main indexes posting strong daily gains on upbeat US data. 


Gold stays below $1,830 as US yields edge higher

Gold stays below $1,830 as US yields edge higher

Gold continues to fluctuate below $1,830 on Friday and looks to close the second straight week in negative territory. Fueled by the risk-positive market environment, the benchmark 10-year US Treasury bond yield is up more than 1% on the day, limiting XAU/USD's upside.

Gold News

Why Cardano could surprise over the weekend

Why Cardano could surprise over the weekend

ADA  set to close out the week with a gain on the workday trading week and over the weekend? Central banks signaled that the rate hike cycle is ending, meaning less stress and tight conditions for trading, opening up room for some upside potential with Cardano set to pop above $0.55 and test a significant cap.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!