AUD/JPY slow and steady at 83.00, waiting for a break into new one-month highs

Thin trading greets the Aussie-Yen pair as traders go cautious for Friday.
Trepidation ahead of the Trump-Xi G20 meet see investors on the nervous side.

Joshua Gibson FXStreet

AUD/JPY is cycling around the 83.00 major technical level after getting pinned to the ceiling in a broad-market risk recovery late Wednesday, and major currencies have locked up in early Friday action ahead of the upcoming G20 political summit, where the key focus will be the upcoming Trump-Xi sideline meeting.

Friday's Aussie data showing was thin, with Private Sector Credit coming in rock-steady with the previous reading (4.6% y/y, 0.4% m/m), and Pacific-Asia markets are awaiting headlines from the upcoming G20 summit, where US President Trump and China's Xi Jinping are expected to have a sideline meeting where the topic of focus will be trade. Investors are cautious heading into the weekend event, with investors hoping for a successful talk between the two leaders, while also fearing a ramp-up in trade war rhetoric, with the broad Asian marketspace widely exposed to fallout from a protracted Sino-US trade war.

AUD/JPY Technical Levels

AUD/JPY

Overview:
    Today Last Price: 82.98
    Today Daily change: 1.0 pips
    Today Daily change %: 0.0121%
    Today Daily Open: 82.97
Trends:
    Previous Daily SMA20: 82.19
    Previous Daily SMA50: 81.18
    Previous Daily SMA100: 81.29
    Previous Daily SMA200: 81.91
Levels:
    Previous Daily High: 83.22
    Previous Daily Low: 82.74
    Previous Weekly High: 82.64
    Previous Weekly Low: 81.2
    Previous Monthly High: 82.5
    Previous Monthly Low: 78.56
    Previous Daily Fibonacci 38.2%: 82.92
    Previous Daily Fibonacci 61.8%: 83.04
    Previous Daily Pivot Point S1: 82.73
    Previous Daily Pivot Point S2: 82.5
    Previous Daily Pivot Point S3: 82.25
    Previous Daily Pivot Point R1: 83.21
    Previous Daily Pivot Point R2: 83.45
    Previous Daily Pivot Point R3: 83.69

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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