AUD/JPY Analysis - Feb 11, 2014
AUD/JPY Daily and Hourly Charts
AUD/JPY Hourly Chart
AUD/JPY Daily Chart
AUD/JPY Daily Technical Analysis
Current Exchange Rate: 92.44 at the time of analysis update.
AUD/JPY's Latest Analysis (February 11, 2014): The immediate focus is now for further gains but we will stay cautious till a break above 92.69 does not take place. A break over 92.69 should target 93.40 to 93.60 resistance zone next. Such a move will also indicate that the pair might have already bottomed up. However in such case also the overall outlook will not become bullish but just neutral.
Any decisive break below 90.60 will be the first sign to argue against the above outlook and to turn the focus towards downside again.
Further Resources and notes
Note 1: Please also take a look AUDJPY forecast for mid-term trading approach updated on the weekends for AUDJPY.
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(For Carry Trade)
AUD/JPY Resistance and Support with Daily Pivot Points (GMT 00:00)
Last Updated (Tuesday, 01 April 2014 03:03) GMT
|Standard Pivot Point for AUD/JPY||Fibonacci Pivot Point for AUD/JPY||Woodie Pivot Point for AUD/JPY||Camarilla Pivot Point for AUD/JPY|
AUD/JPY's Correlation with other currency majors
|AUD/JPY Correlation Values:|
|AUD/JPY Correlation Graph:|
Notes and caution about Forex analysis for AUD/JPY
The daily AUD/JPY analysis is not just based on technical indicators but also takes into account the overall price action and other aspects which can affect the Forex market in general and AUD/JPY price action specifically. Please also note that many times the price mentioned at the time of analysis update maybe different than the entry level suggested. These positions would mean limit orders for buying or short-selling. Hence please do not treat this analysis just as trading signals for AUD/JPY.
However, please note that the analysis reflects our views about the currency market based various factors. Forex trading is a speculative market and the price may always have unpredictable moves. We cannot take the responsibility for any losses dues to and positions taken based on our views.
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