AUD/JPY Technical Analysis: Bullish breakout on the hourly chart

The AUD/USD has moved above 79.89 - the confluence of the upper end of the symmetrical triangle and 200-hour exponential moving average - signaling a bullish symmetrical breakout. The breakout indicates that the sell-off from the Oct. 2 high of 82.48 has ended at the recent low of 79.04 and ha ...

AUD/JPY on the defensive as Asian shares slip, S&P futures report losses

AUD/JPY – the risk barometer – is reporting losses in Asia, tracking the decline in the Asian stock markets. The S&P 500 futures are also reporting a 0.30 percent drop. Momentum studies remain biased toward the bears. Currently, the AUD/JPY pair is trading at 79.60 – dow ...

AUD/JPY stuck in a bearish cycle at 80.00

The Aussie is leaning to the downside as the trading week opens bearish. Data is thin for both the AUD and the JPY, and broader market flows will remain the main driver. The AUD/JPY is stuck near the 80.00 handle as the pair struggles to make gains this week, and the AUD/JPY's bearis ...

AUD/JPY keeps gains after an above-forecast of China services PMI

A better-than-expected China services PMI is a welcome signal for the AUD. The AUD/JPY is struggling to cut through the key falling trendline. China services PMI reading for September bettered estimates, but is not helping the AUD/JPY pair cross key technical hurdle. At press time, the currenc ...

AUD/JPY traps bears after better-than-expected Aussie retail sales release

The AUD/JPY jumped more than 20 pips after a better-than-expected Aussie retail sales release. The bear flag breakdown witnessed ahead of the release of the data has trapped the bears on the wrong side of the market. The AUD/JPY pair jumped more than 20 pips to a session high of 80.77 after th ...

AUD/JPY Technical Analysis: On the defensive, eyes trendline support

The AUD/JPY pair suffered a descending channel breakdown earlier today, signaling a continuation of the sell-off from the weekly high of 82.48. The 50-hour, 100-hour, and 200-hour exponential moving averages (MAs) have rolled over in favor of the bears and the 50-hour and 200-hour EMAs have als ...

AUD/JPY nearing 81.00 despite improved Aussie Trade Balance

The Aussie is getting the short end of the stick in Thursday's early action. Markets are coiling ahead of Friday's US NFP reading. The AUD/JPY is testing 81.15 as of writing, with the Aussie continuing to trade sharply lower against the safe-haven Yen despite a better-than-expecte ...

AUD/JPY Technical Analysis: Path of least resistance is on the higher side

The bull flag breakout seen in the AUD/JPY hourly chart indicates a resumption of the rally from the Sept. 17 low of 79.77 and has opened up upside toward 83.00 The 5-day and 10-day moving averages (MAs) are trending north, indicating a bullish setup. The pair has found acceptance above th ...