AUD/JPY looking for fresh momentum above 86.15

AUD/JPY looking for fresh momentum above 86.15

AUD/JPY is finding support around the demand area between the 86.45 and 86.14 levels, at which lies the Fibonacci zone of 50% and 65% respectively. The 200 SMA at H1 chart is trying to act as a dynamic resistance, but it seems the pair could gain momentum at current stage in order to target the 88.00 level (-23.6% Fibo zone).

Overall, the structure is bearish as the risk to the downside remains high, but as long as the pair remains above the 200 SMA at H1 chart, we can expect further gains in the short-term. RSI indicator is at the neutral territory.

AUDJPYmH1.png

Similar

Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera