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AUD/JPY: Resistance Ahead Of 20-Day EMA


AUD/JPY reversed Friday's fall as sentiment improved through Mondays session, the pair found resistance ahead of the 20-Day EMA (¥94.94) after rising ~0.7%.

  • In early trade on Tuesday we sit at ¥94.75/80.
  • Bulls immediate focus is on a break of the 20-Day EMA to target high from 12 Oct (¥95.83) and high from 30 Sep (¥96.92).
  • On the downside bulls immediate focus is on the low from 13 Oct (¥94.05) which opens the 200-Day EMA (¥92.30) and the low from 28 Jul (¥91.80).
  • The October RBA meeting minutes provide the only release of note today.

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