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24 Dec 2013
AUD/JPY still appears bullishly positioned despite quiet trading
FXstreet.com (Barcelona) - AUD/JPY appears to have plenty of room to roam on the upside before identifiable and meaningful upside targets / resistance come into play.
AUD/JPY traders to monitor BOJ data for directional clues Tuesday
There is no economic data due out from Australia on Tuesday, so AUD/JPY traders will be making their moves off of a combination of global risk attitude and the tone of the Bank of Japan’s Monthly Economic Survey. While the BOJ data is still to be released, the verdict is out on the global risk attitude – and the verdict reads “risk on”.
Technical outlook for AUD/JPY
Technicians say the AUD/JPY has support at 91.61 (the low from last Thursday) and is followed up by last Wednesday’s low at 91.05. Resistance comes in at the 12/10 high of 94.21 and is followed up by the 11/20 high at 94.60.
AUD/JPY traders to monitor BOJ data for directional clues Tuesday
There is no economic data due out from Australia on Tuesday, so AUD/JPY traders will be making their moves off of a combination of global risk attitude and the tone of the Bank of Japan’s Monthly Economic Survey. While the BOJ data is still to be released, the verdict is out on the global risk attitude – and the verdict reads “risk on”.
Technical outlook for AUD/JPY
Technicians say the AUD/JPY has support at 91.61 (the low from last Thursday) and is followed up by last Wednesday’s low at 91.05. Resistance comes in at the 12/10 high of 94.21 and is followed up by the 11/20 high at 94.60.