AUD/JPY Fails to Hold within Ascending Channel
AUD/JPY appears to be reversing course ahead of the monthly high (98.61) as it no longer trades within the confines of an ascending channel.
AUD/JPY Rate Outlook
AUD/JPY breaks below channel support following the failed attempts to test the 2022 high (98.77), with a close below the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region raising the scope for a move towards 96.10 (78.6% Fibonacci retracement), which largely lines up with the 50-Day SMA (96.05).
Next area of interest comes in around the monthly low (95.61), but AUD/JPY may stage further attempts to test the 2022 high (98.77) if it struggles to close below the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region.
AUD/JPY Rate Outlook
AUD/JPY breaks below channel support following the failed attempts to test the 2022 high (98.77), with a close below the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region raising the scope for a move towards 96.10 (78.6% Fibonacci retracement), which largely lines up with the 50-Day SMA (96.05).
Next area of interest comes in around the monthly low (95.61), but AUD/JPY may stage further attempts to test the 2022 high (98.77) if it struggles to close below the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.