Aud/JPY price analysis: The slight rebound continues despite the broader bass technical background

  • The AUD/JPY operates near the 90.50 zone with modest profits before the Asian session
  • The bearish pressure persists since the impulse indicators and the mobile socks are generally negative
  • The resistance is limited by about 90.90, while the immediate support is just above 90.20

The Aud/JPY pair rose slightly during Monday before the Asian opening, extending a modest rebound that left him operating around the 90.50 area. While the price action rose within the upper part of the day range between 89,571 and 90,832, the technical indicators continue to reflect a broader bearish image.

The relative force index (RSI) prints a 42,576 neutral, while the convergence/divergence indicator of mobile socks (MACD) maintains a sales signal. The rapid stochastic RSI is 58,383, and the Bull Bear power in −1.887, both indicating a neutral posture with limited bullish conviction.

Adding weight to the downward risks, all key simple mobile socks are aligned to the bearish side: the 20 days in 92,533, the 100 -day at 95,758, and that of 200 days in 97,813. The short -term mobile socks, including the exponential and simple mobile socks of 10 days in 90,777 and 90,650 respectively, also point down, reinforcing the lack of a sustained bullish impulse.

From a technical level perspective, immediate support is seen in 90,226, followed by a stronger support near the area of ​​89.80. On the positive side, the resistance accumulates around 90.65, with more barriers in 90,777 and 90,899 if buyers press for a more convincing recovery.

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Source: Fx Street

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