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12 Feb 2014
AUD/JPY bullish, eyes 93.00
FXStreet (Córdoba) - The AUD/JPY climbed more than a hundred pips on Tuesday and finished around 92.70, the highest close since January 14. Risk appetite pushed the pair to the upside. During the American session peaked at 92.90 and pulled back slightly afterwards.
From February lows it has risen more than 400 pips ,after finding support above 88.00. On Thursday, the Australian jobs report will be released and is expected to have an impact.
Levels to watch for the AUD/JPY
The pair continues to move with an upside bias in the short-term, with a key dynamic support coming at 91.60 (uptrend line from February 5) and before at 92.55 (European session high) and 91.90.
To the upside, resistance could be located at 92.90 - 93.00 and above at 93.50 and 93.85 (January 8, 13 highs).
From February lows it has risen more than 400 pips ,after finding support above 88.00. On Thursday, the Australian jobs report will be released and is expected to have an impact.
Levels to watch for the AUD/JPY
The pair continues to move with an upside bias in the short-term, with a key dynamic support coming at 91.60 (uptrend line from February 5) and before at 92.55 (European session high) and 91.90.
To the upside, resistance could be located at 92.90 - 93.00 and above at 93.50 and 93.85 (January 8, 13 highs).