AUD/JPY Price Forecast: Strengthens above 113.00, positive tone remains intact
AUD/JPY Price Forecast: Drifts higher above 112.50, upside momentum fades but remains bullish
Middle East peace hopes sparked a broad risk-on rally across financial markets, lifting equities and metals while weighing on the US dollar. The shift in sentiment pushed USD/JPY below the key 160 level and helped AUD/JPY rebound from support, although both moves remain highly dependent on whether a formal peace agreement ultimately materialises.
AUD/JPY Price Forecast: Gains ground to near 112.50, uptrend holds above 100-day SMA
AUD/JPY Price Forecast: Strengthens above 113.00, hawkish RBA supports uptrend above 100-day SMA
AUDJPY currency pair recently reversed down from the resistance level 114.60 (which has been reversing the price from the end of April, as can be seen below) intersecting with the upper daily Bollinger Band.
AUD/JPY Price Forecast: Eases to near 114.00, but maintains bullish structure above 100-day SMA
A bullish chart setup, a BOJ story that was already priced, and a US jobs report carrying significant event risk. AUD/JPY tra.
AUD/JPY Price Forecast: Strengthens above 114.00, bullish bias holds above key technical support
AUD/JPY Price Forecast: Declines to near 114.00, while maintaining bullish technical bias
AUD/JPY Price Forecast: Declines on softer Australia's CPI, but broader bullish trend remains intact
AUD/JPY Price Forecast: Uptrend stalls near YTD high as RSI flattens