AUD/JPY Technical Analysis: lacks direction after China data, focus on today's close

Omkar Godbole FXStreet Contributor

The AUD/JPY pair is trading largely unchanged on the day at 78.60, having recovered from the session low of 78.28 a few minutes before press time, possibly on the back of an above-forecast China industrial production number.

The daily chart, however, shows the pair lacks a clear direction, having created a doji candle on Friday.

Daily chart

A close today above 79.11 (high of Friday's doji) would confirm bull doji continuation or continuation of the rally from recent lows below 72.00 and open up upside toward 80.00.
A close below 78.38 (Friday's low), however, would imply bearish doji reversal.

Trend: Neutral

AUD/JPY

Overview:
    Today Last Price: 78.62
    Today Daily change: -0.05 pips
    Today Daily change %: -0.06%
    Today Daily Open: 78.67
Trends:
    Daily SMA20: 77.69
    Daily SMA50: 80.13
    Daily SMA100: 80.38
    Daily SMA200: 81.34
Levels:
    Previous Daily High: 79.11
    Previous Daily Low: 78.38
    Previous Weekly High: 79.11
    Previous Weekly Low: 77.56
    Previous Monthly High: 84.05
    Previous Monthly Low: 77.15
    Daily Fibonacci 38.2%: 78.83
    Daily Fibonacci 61.8%: 78.66
    Daily Pivot Point S1: 78.33
    Daily Pivot Point S2: 77.99
    Daily Pivot Point S3: 77.6
    Daily Pivot Point R1: 79.06
    Daily Pivot Point R2: 79.45
    Daily Pivot Point R3: 79.78

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD off highs, back to around 1.1900

EUR/USD keeps its strong bid bias in place despite recedeing to the 1.1900 zone following earlier peaks north of 1.1900 the figure on Monday. The US Dollar remains under pressure, as traders stay on the sidelines ahead of Wednesday’s key January jobs report, leaving the pair room to extend its upward trend for now.

GBP/USD hits three-day peaks, targets 1.3700

GBP/USD is clocking decent gains at the start of the week, advancing to three-day highs near 1.3670 and building on Friday’s solid performance. The better tone in the British Pound comes on the back of the intense sekk-off in the Greenback and despite re-emerging signs of a fresh government crisis in the UK.

Gold picks up pace, retargets $5,100

Gold gathers fresh steam, challenging daily highs en route to the $5,100 mark per troy ounce in the latter part of Monday’s session. The precious metal finds support from fresh signs of continued buying by the PBoC, while expectations that the Fed could lean more dovish also collaborate with the uptick.

Crypto Today: Bitcoin steadies around $70,000, Ethereum and XRP remain under pressure

Bitcoin hovers around $70,000, up near 15% from last week's low of $60,000 despite low retail demand. Ethereum delicately holds $2,000 support as weak technicals weigh amid declining futures Open Interest. XRP seeks support above $1.40 after facing rejection at $1.54 during the previous week's sharp rebound.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.