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29 Dec 2014
AUD/JPY bid vs the broader bearish trend
FXStreet (Guatemala) - AUD/JPY is trading at 97.86, up 0.10% on the day, having posted a daily high at 97.90 and low at 97.62.
AUD/JPY is claiming back 30 pips into the holiday season and bid with the market stepping back into the picture. The Yen is offered and the Aussie holds its turf at the 0.8120 support line supporting the cross.
97.60 is supporting he sideways channel with 97.20 protects the handle ahead of congestion at the midpoint of the 96 handle. Meanwhile, the daily RSI sits at 44.70 which leaves is in neutral territory in the broader bearish trend. Looking to momentum indicators, the hourly 200 SMA is currently at 97.67, up from the last close at 97.22 and climbing.
AUD/JPY is claiming back 30 pips into the holiday season and bid with the market stepping back into the picture. The Yen is offered and the Aussie holds its turf at the 0.8120 support line supporting the cross.
97.60 is supporting he sideways channel with 97.20 protects the handle ahead of congestion at the midpoint of the 96 handle. Meanwhile, the daily RSI sits at 44.70 which leaves is in neutral territory in the broader bearish trend. Looking to momentum indicators, the hourly 200 SMA is currently at 97.67, up from the last close at 97.22 and climbing.