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15 Jul 2013
AUD/JPY well bid above 90.00
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 90.12, off recent session highs at 90.35, ahead of Chinese GDP data at 02:00 GMT and with Tokyo markets closed for holiday.
AUD/JPY pivotal at 90.00
According to FXWW founder Sean Lee, “AUD/JPY is putting in a big battle around 90.00 and whatever happens, this level is becoming pivotal for medium term moves.” Even though the cross is still a +1.13% higher year to date, it has lost a -12.77% in last 3 months.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at current levels as Thursday's/July 03 lows 90.20, followed by June 07 lows 90.50, and past Wed's lows/Fri's highs at 91.05. To the downside, closest support lies at Friday's lows 89.69, followed by June 25 lows at 89.55, and June 21 lows at 89.10.
AUD/JPY pivotal at 90.00
According to FXWW founder Sean Lee, “AUD/JPY is putting in a big battle around 90.00 and whatever happens, this level is becoming pivotal for medium term moves.” Even though the cross is still a +1.13% higher year to date, it has lost a -12.77% in last 3 months.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at current levels as Thursday's/July 03 lows 90.20, followed by June 07 lows 90.50, and past Wed's lows/Fri's highs at 91.05. To the downside, closest support lies at Friday's lows 89.69, followed by June 25 lows at 89.55, and June 21 lows at 89.10.