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14 Jun 2013
AUD/JPY trading near 200 day SMA around 92 for 1st time since Oct
AUD/JPY is last at 92.11, around 200 day SMA, something did not happen since October last year. AUD/JPY has printed a session high at 92.60, off yesterday's fresh 5-month lows at 89.90.
As FXWW founder Sean Lee noted, “AUD/JPY in particular was screaming at us that a base was close yesterday.” The analyst is “pretty sure we saw an important base happen yesterday,” Lee said. The cross is down -0.71% for the week so far.
Immediate support to the downside for AUD/JPY lies at Monday's lows 91.80, followed by past Friday's lows at 90.52, and Tuesday's lows at 90.01. To the upside, closest resistance shows at recent session/Wednesday's highs 92.60, followed by Monday's weekly highs at 93.80.
As FXWW founder Sean Lee noted, “AUD/JPY in particular was screaming at us that a base was close yesterday.” The analyst is “pretty sure we saw an important base happen yesterday,” Lee said. The cross is down -0.71% for the week so far.
Immediate support to the downside for AUD/JPY lies at Monday's lows 91.80, followed by past Friday's lows at 90.52, and Tuesday's lows at 90.01. To the upside, closest resistance shows at recent session/Wednesday's highs 92.60, followed by Monday's weekly highs at 93.80.