Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/JPY upside stalls at 200-DMA, good to long break above

  • AUD/JPY fails to hold gains above 200-DMA, edges lower from session highs at 80.31.
     
  • Momentum studies are bullish, break above likely to test 81.50 levels.
     
  • Major support levels - 79.45 (5-DMA), 79(20-DMA), 78.72 (Oct 21 low)
     
  • Major resistance levels - 80.12 (200-DMA), 80.79 (June 1 high), 81, 81.50 (trendline)

Recommendation: Good to go long on breakout above 200-DMA at 80.12, SL: 79.40, TP: 80.75/81/81.50
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.