AUD/JPY Price Analysis: Upwards momentum wanes, consolidation to continue

The daily RSI increase denotes a slight uptick in momentum.
Signs of bullish fatigue emerge after renewed gains, reinforcing the ongoing consolidation outlook.
The pair currently focuses on the stronghold of the 20-day SMA around the 103.80 area which acts as a resistance.

Patricio Martín FXStreet

In Wednesday's trading session, the AUD/JPY pair bounced to 103.80, reflective of a resurgence in upward momentum. However, the buyers met resistance at the 20-day Simple Moving Average (SMA) and retreated.

According to the daily Relative Strength Index (RSI) analysis, the index increased to 52 from the previous session's 46, demonstrating a gain in momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) prints flat red bars, indicating steady selling traction.

AUD/JPY daily chart

On the downside, further losses will find the 100 and 200-day SMAs at their disposal as shielding units. On the other hand, buyers will encounter resistance trying to propel the pair back above the 20-day SMA at 103.80 and further to the 105.00 mark. If these resistance points remain intact, the market could witness the AUD/JPY pair maintain a consolidation phase.

What is not in discussion, is that the cross has entered a consolidation phase, following an aggressive rally that took it to multi-year highs.

AUD/JPY

Overview
Today last price	103.83
Today Daily Change	0.84
Today Daily Change %	0.82
Today daily open	102.99

Trends
Daily SMA20	103.78
Daily SMA50	101.64
Daily SMA100	99.69
Daily SMA200	97.85

Levels
Previous Daily High	104.63
Previous Daily Low	102.62
Previous Weekly High	104.87
Previous Weekly Low	103.36
Previous Monthly High	104.87
Previous Monthly Low	99.93
Daily Fibonacci 38.2%	103.38
Daily Fibonacci 61.8%	103.86
Daily Pivot Point S1	102.2
Daily Pivot Point S2	101.4
Daily Pivot Point S3	100.18
Daily Pivot Point R1	104.21
Daily Pivot Point R2	105.42
Daily Pivot Point R3	106.22

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.