Written By : ForexAbode.com || Tuesday, 11 February 2014 00:00 GMT

AUD/JPY Analysis - Feb 11, 2014

AUD/JPY Daily and Hourly Charts

AUD/JPY Hourly Chart     

AUD/JPY analysis - hourly chart

AUD/JPY Daily Chart     

AUD/JPY technical analysis - daily chart

AUD/JPY Daily Technical Analysis

Current Exchange Rate: 92.44 at the time of analysis update.

Intraday outlook: mildly bullish outlook

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.

Note 2: Please subscribe to the analysis newsletter so that we can send email alerts as soon as we update the the same.

There can also be some news or some indications from technical indicators or chart patterns which may suggest some major moves. Please check and share such observations at AUD/JPY chart alerts in the blog section and also keep an eye on AUD/JPY market sentiments.

 
AUD/JPY Interest rate Comparison
(For Carry Trade)
Australian dollar (AUD) interest rate
2.50%
Japanese yen (JPY) interest rate
0.10%
AUD/JPY interest Rate Comparison
2.40%

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
R3 97.14 R3 96.47     R3 96.02
R2 96.47 R2 96.08 R2 96.55 R2 95.93
R1 96.11 R1 95.84 R1 96.26 R1 95.83
Pivot 95.44 Pivot 95.44 Pivot 95.52 Pivot 95.44
S1 95.08 S1 95.05 S1 95.23 S1 95.65
S2 94.41 S2 94.81 S2 94.49 S2 95.55
S3 94.05 S3 94.41     S3 95.46
Open 95.27Open 95.27Open 95.27Open 95.27
High 95.81 High 95.81 High 95.81 High 95.81
Low 94.78 Low 94.78 Low 94.78 Low 94.78
Close 95.74 Close 95.74 Close 95.74 Close 95.74

AUD/JPY's Correlation with other currency majors

AUD/JPY Correlation Values:
 
AUD/JPY
P
e
r
i
o
d
A
U
D
/
J
P
Y
AUD
/USD
EUR
/CHF
EUR
/GBP
EUR
/JPY
GBP
/USD
NZD
/USD
USD
/CAD
USD
/CHF
USD
/JPY
1
W
e
e
k
1 0.7 -0.66 0.82 -0.85 -0.79 0.8 -0.72 -0.4 -0.65
1
M
o
n
t
h
1 0.92 0.81 -0.86 0.77 0.15 0.62 -0.84 0.71 0.68
1
Y
e
a
r
1 0.85 -0.14 -0.14 -0.21 -0.1 0.64 -0.39 0.2 -0.17

AUD/JPY Correlation Graph:
 
0.7
   
0.85
   
 
-0.66
   
-0.14
   
 
0.82
   
-0.14
   
 
-0.85
   
-0.21
   
 
-0.79
   
-0.1
   
 
0.8
   
0.64
   
 
-0.72
   
-0.39
   
 
-0.4
   
0.2
   
 
-0.65
   
-0.17
   
   
0.7
   
0.85
 
   
0.66
   
0.14
 
   
0.82
   
0.14
 
   
0.85
   
0.21
 
   
0.79
   
0.1
 
   
0.8
   
0.64
 
   
0.72
   
0.39
 
   
0.4
   
0.2
 
   
0.65
   
0.17

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.

Please check the Current AUD/JPY Exchange Rate.

Check any Real-Time AUD/JPY Trades in Forum.

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