AUD/JPY Price Analysis: Wraps The Week With Solid Gains Above 97.00


The AUD/JPY is set to finish the week with gains of close to 1.20%, though it remains at the brisk of getting back inside the Ichimoku Cloud (Kumo), which could pave the way for a pullback. At the time of writing, the pair trades at 97.20, posting modest gains of 0.24% after hitting a daily low of 96.83.The cross rallied above the Kumo, opening the door for further upside, with buyers leaning on the top, with first support at 97.07. If buyers would like to drive prices higher, they need to reclaim December’s high of 97.59, which, once cleared, could pave the path toward 98.00. Once surpassed, up next would be last year’s high at 98.58.On a bearish resumption, AUD/JPY sellers must drag prices below 97.00, toward the first support level seen at the November 21 low of 96.83. Once surpassed, the Tenkan-Sen would be up next at 96,71, followed by 96.18, January’s 4 swing low. If bulls could not cap the downtrend, the pair could retrace the current week’s gains and open the door for additional losses below the Kijun-Sen at 95.90. AUD/JPY Price Action – Daily Chart  AUD/JPY Technical Levels AUD/JPY

OVERVIEW Today last price 97.21 Today Daily Change 0.27 Today Daily Change % 0.28 Today daily open 96.94

 

TRENDS Daily SMA20 96.25 Daily SMA50 96.74 Daily SMA100 95.74 Daily SMA200 94.25

 

LEVELS Previous Daily High 97.2 Previous Daily Low 96.19 Previous Weekly High 97.6 Previous Weekly Low 96.03 Previous Monthly High 98.07 Previous Monthly Low 93.73 Daily Fibonacci 38.2% 96.81 Daily Fibonacci 61.8% 96.57 Daily Pivot Point S1 96.36 Daily Pivot Point S2 95.77 Daily Pivot Point S3 95.35 Daily Pivot Point R1 97.36 Daily Pivot Point R2 97.78 Daily Pivot Point R3 98.37

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