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Holding Above ¥98 Handle

AUD

AUD/JPY held above ¥98 handle as softer US Tsy Yields added a layer of support on Monday.

  • The cross sits at ¥98.15/20.
  • Bulls focus on breaking 16 Nov high (¥98.62). This opens the ¥100 handle, Dec 2014 highs (¥101.37) and Nov 2014 highs (¥102.85).
  • On the downside bears target the 23.6% retracement of the Jul-Nov bull leg which intersects at the ¥97 handle. A break through here opens the 100-Day EMA (¥95.37). The 200-Day EMA comes in at ¥94.18.

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