AUD/JPY ANALYSIS: The bassist impulse continues while the PAR quotes about 90.00 before the Asian session

  • The Aud/JPY operates near the 90.00 zone after falling before the Asian session
  • The bearish impulse is reinforced by a MACD sales signal and the downward pressure of key mobile socks
  • The support is located at 88.00, while the resistance arises around the 91.00 area

The Aud/JPY pair extended its fall during Thursday’s session, going back to the 90.00 area as the bearish feeling continues to weigh on the pair. The price action takes place within a range defined by 88,914 and 91,110, with sellers keeping control as the session advances towards Asia.

Technical indicators largely confirm the prevailing down pressure. The Relative Force Index (RSI) prints in 40,228, indicating a neutral momentum, while the Mobile Media Convergence/Divergence indicator emits a clear sales signal. Complementing this perspective, the momentum of 10 periods in -5.120 also shows a bassist bias, although the amazing oscillator remains neutral in -4.170.

From the point of view of the mobile socks, the 20 -day SMA in 92,968, the 100 -day SMA in 95,969 and the 200 -day SMA in 97,994 all downstairs, reinforcing the long -term bearish structure. The short -term indicators also follow this trend, with the EMA of 10 days in 90,990 and the 10 -day SMA in 91,380 both indicating sale.

AUD/JPY DAILY GRAPH

Source: Fx Street

You may also like