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13 Apr 2015
AUD/JPY drops more than 100 pips
FXStreet (Córdoba) - The AUD/JPY is falling for the second trading day in a row and lost 200 pips from Friday’s highs.
AUD/JPY erases monthly gains
The pair started the week extending the retreat that started during Friday’s Asian session. After breaking below 91.90 dropped further and bottomed on European hours at 90.87, hitting the lowest level since April 7.
Currently is hovering around 91.00, at the level it had at the beginning of the month. In two trading day AUD/JPY erased April gains.
AUD/JPY technical levels
To the downside, support levels might lie at 90.85, 90.50/55 (Apr 3, 7 low) and 90.20 (Apr 2 low). On the opposite direction resistance could be located a 91.25/30, 91.65 and 92.20/25.
AUD/JPY erases monthly gains
The pair started the week extending the retreat that started during Friday’s Asian session. After breaking below 91.90 dropped further and bottomed on European hours at 90.87, hitting the lowest level since April 7.
Currently is hovering around 91.00, at the level it had at the beginning of the month. In two trading day AUD/JPY erased April gains.
AUD/JPY technical levels
To the downside, support levels might lie at 90.85, 90.50/55 (Apr 3, 7 low) and 90.20 (Apr 2 low). On the opposite direction resistance could be located a 91.25/30, 91.65 and 92.20/25.