Written By : ForexAbode.com || Tuesday, 22 July 2014 04:04 GMT

AUD/JPY Analysis - July 22, 2014

Current Exchange Rate: 95.34 at the time of analysis update.

Intraday outlook: Neutralh outlook

The strong support at 94.39 followed by a strong entry in the psychological range of 95.00 suggest that we can expect some more gains. However, we stay neutral for upside as long as the price-action stays below 95.50/95.70 resistance zone. In case this resistance fails then AUD/JPY may try to retest the recent 95.99. 

On the downside any break below 94.94 will turn the focus back for a decline to retest 94.39.

AUD/JPY Daily and 4-Hourly Charts

AUD/JPY 4-Hourly Chart     

AUD/JPY analysis - hourly chart - July 22, 2014

AUD/JPY Daily Chart     

AUD/JPY analysis - daily chart - July 22, 2014

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 (Wednesday, 23 July 2014 04:02) 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 96.17 R3 95.86     R3 95.45
R2 95.86 R2 95.64 R2 95.87 R2 95.4
R1 95.58 R1 95.5 R1 95.59 R1 95.34
Pivot 95.27 Pivot 95.27 Pivot 95.28 Pivot 95.27
S1 94.99 S1 95.05 S1 95 S1 95.24
S2 94.68 S2 94.91 S2 94.69 S2 95.18
S3 94.4 S3 94.68     S3 95.13
Open 94.98Open 94.98Open 94.98Open 94.98
High 95.56 High 95.56 High 95.56 High 95.56
Low 94.97 Low 94.97 Low 94.97 Low 94.97
Close 95.29 Close 95.29 Close 95.29 Close 95.29

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 -0.03 0.95 0.01 0.92 0.43 -0.66 -0.02 0.2 0.96
1
M
o
n
t
h
1 0.75 0.95 0.49 0.42 -0.73 -0.89 0.44 0.66 0.73
1
Y
e
a
r
1 0.68 -0.48 -0.68 0.69 0.75 0.83 0.31 -0.69 0.59

AUD/JPY Correlation Graph:
 
-0.03
   
0.68
   
 
0.95
   
-0.48
   
 
0.01
   
-0.68
   
 
0.92
   
0.69
   
 
0.43
   
0.75
   
 
-0.66
   
0.83
   
 
-0.02
   
0.31
   
 
0.2
   
-0.69
   
 
0.96
   
0.59
   
   
0.03
   
0.68
 
   
0.95
   
0.48
 
   
0.01
   
0.68
 
   
0.92
   
0.69
 
   
0.43
   
0.75
 
   
0.66
   
0.83
 
   
0.02
   
0.31
 
   
0.2
   
0.69
 
   
0.96
   
0.59

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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