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
AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA
AUD/JPY Price Forecast: Weakens to near 113.50, but broader uptrend remains intact
AUD/JPY Price Forecast: Loses ground below 113.00, bullish vibe remains intact
Despite testing 115 multiple times and gaining over 8% YTD, AUD/JPY has recently been declining, signaling caution in the global risk status.
AUD/JPY Price Forecast: Tests ascending triangle bottom near 113.00