AUD/JPY At Kijun Line’s Support Level

February 21, 2013 in Chart Alert

Since November 15, 2012 i.e. for over 3 months AUD/JPY has been over the Kijun line level of daily Ichimoku cloud. Every downward move, since then, has found support either at or over this support level. A break of this may bring further downward consolidation towards 95.20 or more.

In case this support holds again then we would expect some volatile sideways moves above 95.60/95.80.

The red line in the following chart is Kijun line.

AUD/JPY Daily Chart

AUD/JPY at tenkan line support

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