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AUD/JPY: Supported At ¥96

AUD

AUD/JPY found support at the ¥96 handle as risk sentiment improved through Friday's session. E-mini's firmed ~1.8% from session lows.

  • The cross sits at ¥96.40/45 in early dealing on Monday.
  • We remain firmly in an uptrend, bulls now target a break of the high from 5 July (¥96.83). Which opens YTD highs (¥97.68) and ¥98.96 a Fibonacci projection.
  • On the downside bears look to break the 20-Day EMA (¥96.02). This opens the low from 30 Oct at ¥94.84 and the 200-Day EMA (¥93.74).

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