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19 Aug 2013
AUD/JPY testing Friday's highs shy of the 90.00 mark
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 89.77, few pips off recent interbank premarket session and weekly highs, and also few pips below Friday's highs at 89.89.
AUD/JPY looking bullish
Minutes away from Japan trade balance data at 23:50 GMT 10 minutes before Tokyo opens, Yen crosses “are mixed with AUD/JPY looking bullish,” said FXWW founder Sean Lee, adding: “AUD/JPY made a bullish technical break and retraced to a 38.2% Fibo. I still like the buy-intraday-dips play in AUD/JPY after Fibo support at 88.65/70 held,” Lee concluded.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at Friday's highs 89.90, followed by Thursday's highs at 90.07, and July 26 lows at 90.53. To the downside, closest support lies at August 13 highs 89.63, followed by August 12 highs/August 14 lows at 89.06, and Friday's lows at 88.60.
AUD/JPY looking bullish
Minutes away from Japan trade balance data at 23:50 GMT 10 minutes before Tokyo opens, Yen crosses “are mixed with AUD/JPY looking bullish,” said FXWW founder Sean Lee, adding: “AUD/JPY made a bullish technical break and retraced to a 38.2% Fibo. I still like the buy-intraday-dips play in AUD/JPY after Fibo support at 88.65/70 held,” Lee concluded.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at Friday's highs 89.90, followed by Thursday's highs at 90.07, and July 26 lows at 90.53. To the downside, closest support lies at August 13 highs 89.63, followed by August 12 highs/August 14 lows at 89.06, and Friday's lows at 88.60.