AUD/JPY has backed-off from the one month high of 83.69. The pair created a doji candle on Friday, signaling indecision in the marketplace. Today’s NY close to set the tone for the next move in the pair. Currently, the AUD/JPY is trading at 83.45, having clocked a one month high of 83.69 earlier today and could trim gains further, courtesy of dismal China data release. Focus on today’s NY close The currency pair created a doji candle on Friday, signaling indecision in the marketplace. However, when viewed against the backdrop of the rally from the June 28 low of 80.69, the doji candle indicates bullish exhaustion. That said, a close today above Friday’s high of 83.60 would signal a continuation of the rally from the June 28 low of 80.69. On the other hand, a bearish doji reversal would be confirmed if the cross closes below 82.99 today. AUD/JPY Technical Levels Resistance: 83.69 (session high), 84.54 (June 7 high), 84.60 (200-day MA). Support: 83.24 (session low), 82.50 (100-day MA + 10-day MA), 81.94 (20-day MA). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Stats Bureau: China’s consumption to remain steady in H2 FX Street 5 years AUD/JPY has backed-off from the one month high of 83.69. The pair created a doji candle on Friday, signaling indecision in the marketplace. Today's NY close to set the tone for the next move in the pair. Currently, the AUD/JPY is trading at 83.45, having clocked a one month high of 83.69 earlier today and could trim gains further, courtesy of dismal China data release. Focus on today's NY close The currency pair created a doji candle on Friday, signaling indecision in the marketplace. However, when viewed against the backdrop of the rally from the June 28 low of 80.69,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
