AUD/JPY At 22-Day EMA Support
February 10, 2013 in Chart Alert
AUD/JPY has been finding support over or near the 22-day EMA leve since November 14th i.e. for over two and a half months. Last week’s drop also indicated the same pattern. The yellow line in the daily AUD/JPY chart is 22-day EMA line. Any break below last week’s 95.13 and then will indicate the break of this support pattern. Please also note that for over 15 weeks the support has been coming over or near 5-Week EMA. Please also check the last week’s chart alert about the same. The current 5-week EMA is at 94.95. Please check the weekly chart on the left hand side. In case of a decisive break below 94.95/94.80 further consolidation may take place towards 55-day EMA.
AUD/JPY Daily Chart
Please also check the regularly updated AUD/JPY outlook.