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AUD/JPY 08/10/18 | EconAlerts

Technical Analysis – AUD/JPY approaches 2-year low

AUD/JPY in sharp sell-off in short-term; approaches 2-year low. AUD/JPY has come under sharp selling pressure following the pullback on the 82.50 resistance level in the preceding week. Moreover, despite that, the 20- and 40-simple moving averages (SMA) posted a bullish crossover, the price slipped below them and continues the negative movement. Looking at daily

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Technical Analysis – AUD/JPY strongly bearish in the near-term

AUD/JPY rises following rebound from 21-month low; strongly bearish in the near-term. AUD/JPY plummeted to a new 21-month low of 79.97 earlier today, slipping below the trading range of 84.50 – 80.60 that had been holding since February 9. The bearish scenario is further supported by the deterioration of the technical indicators and the negative aligned

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