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AUD/JPY Price Analysis: Slightly advances towards the 94.00 figure
August 22, 2022 10:32 GMT | By Christian Borjon Valencia
AUD/JPY Price Analysis: Slightly advances towards the 94.00 figure
AUD/JPY extended its rally to four straight days, gaining 0.28% on Tuesday.
The daily chart illustrates the cross-currency pair seesawing in a 150 pip range.
The AUD/JPY 4-hour chart shows a rising-wedge emerging, which targets the 93.00 figure.
The AUD/JPY edges lightly lower as the Asian Pacific session begins, but on Monday, it extended its gains for three consecutive days, finishing the session around 94.60, up by 0.47%. At the time of writing, the AUD/JPY is trading at 94.53, below its opening price by 0.08%.
AUD/JPY Price Analysis: Technical outlook
In the last five days, the AUD/JPY has been consolidated within the 93-00-94-50 area, unable to break the top/bottom of the range. Worth noting that from a daily chart perspective, the AUD/JPY is neutral-to-upward bias but unless buyers reclaim the 95.10 August 12 daily high, the cross-currency pair will remain to seesaw amidst a lack of catalyst.
Log in
NEWS
AUD/JPY Price Analysis: Slightly advances towards the 94.00 figure
August 22, 2022 10:32 GMT | By Christian Borjon Valencia
AUD/JPY Price Analysis: Slightly advances towards the 94.00 figure
AUD/JPY extended its rally to four straight days, gaining 0.28% on Tuesday.
The daily chart illustrates the cross-currency pair seesawing in a 150 pip range.
The AUD/JPY 4-hour chart shows a rising-wedge emerging, which targets the 93.00 figure.
The AUD/JPY edges lightly lower as the Asian Pacific session begins, but on Monday, it extended its gains for three consecutive days, finishing the session around 94.60, up by 0.47%. At the time of writing, the AUD/JPY is trading at 94.53, below its opening price by 0.08%.
AUD/JPY Price Analysis: Technical outlook
In the last five days, the AUD/JPY has been consolidated within the 93-00-94-50 area, unable to break the top/bottom of the range. Worth noting that from a daily chart perspective, the AUD/JPY is neutral-to-upward bias but unless buyers reclaim the 95.10 August 12 daily high, the cross-currency pair will remain to seesaw amidst a lack of catalyst.
