AUD/JPY Price Analysis: Remains Subdued Around 94.50/95.00, Amid Lack Of Catalyst -

AUD/JPY Price Analysis: Remains Subdued Around 94.50/95.00, Amid Lack Of Catalyst

Oct 30, 2023Jeremy ParkinsonFinance, No picture0

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AUD/JPY trades at 94.98, down 0.02%, after failing to sustain gains above 95.00.

Daily chart shows potential for downside, with first support at October 30 low of 94.65.

Resistance levels to watch include 95.00, current week’s high at 95.52, and October 25 high at 95.89.

The AUD/JPY continues to consolidate at around 94.50/95.00 in early trading on Tuesday’s Asian session after failing to stay above the 95.00 figure on Monday. The cross-pair printed decent gains of 0.32% yesterday, but as the Asian session starts, the pair exchanges hands at 94.98, down 0.02%.The daily chart portrays the pair remaining sideways, about to drop inside the Ichimoku Cloud (Kumo), which could open the door for further downside. The AUD/JPY first support would be the October 30 low of 94.65, followed by the 94.00 figure. Once that level is cleared, the next stop would be the base of the Kumo at 93.96, followed by the October 3 low of 93.01.On the flip side, the AUD/JPY first resistance would be the 95.00 figure, followed by the current week’s high at 95.52. A decisive break would expose the October 25 95.89 mark, ahead of 96.00.AUD/JPY Price Analysis: Technical outlookAUD/JPY Technical LevelsAUD/JPY

OVERVIEW Today last price 95.01 Today Daily Change 0.21 Today Daily Change % 0.22 Today daily open 94.8

TRENDS Daily SMA20 94.91 Daily SMA50 94.77 Daily SMA100 94.88 Daily SMA200 92.76

LEVELS Previous Daily High 95.37 Previous Daily Low 94.68 Previous Weekly High 95.9 Previous Weekly Low 94.25 Previous Monthly High 96.92 Previous Monthly Low 93.59 Daily Fibonacci 38.2% 94.94 Daily Fibonacci 61.8% 95.1 Daily Pivot Point S1 94.53 Daily Pivot Point S2 94.26 Daily Pivot Point S3 93.84 Daily Pivot Point R1 95.22 Daily Pivot Point R2 95.64 Daily Pivot Point R3 95.92

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