September 18, 2023 23:17 GMT
Holding Above ¥95
AUD/JPY is holding above ¥95 after breaching the handle last week, ranges were narrow on Monday and the pair finished dealing a touch lower.
- In early trade today we sit at ¥95.00/05.
- Technically we remain in an uptrend, bulls immediate focus is on the high from 15 Sep (¥95.55), a break through here opens the high from 26 July (¥95.90) and YTD highs (¥97.68).
- On the downside bears look to break the 20-Day EMA (¥94.51). A break through here opens the low from 5 Sep at ¥93.59 and the 200-Day EMA (¥92.88).