Free Trial

AUD/JPY: Firms Above 20-Day EMA

AUD

AUD/JPY firmed above the 20-Day EMA (¥94.99) on Tuesday, however the pair remains well within the recent ¥94/96 range observed for the most part of October.

  • In early dealing today we sit at ¥95.25/30.
  • The uptrend remains in place, bulls now target the high from 12 Oct (¥95.83). A break through here opens high from 30 Sep (¥96.92) and ¥98.13 a Fibonacci projection.
  • On the downside bears target the low from 13 Oct (¥94.05) and the 200-Day EMA (¥93.40). A break through here opens ¥91.80, Jul 28 low, and ¥90.26, May 31 low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.