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Japanese Yen Technical Evaluation: USD/JPY, AUD/JPY. Is the Yen Contained for Now?


Japanese Yen, USD/JPY, AUD/JPY – Speaking Factors

  • USD/JPY seems to be missing directional momentum for now
  • Bollinger Band indicators lit up on AUD/JPY final week because it moved up
  • JPY crosses have retreated inside latest ranges. Will the Yen slip additional?

USD/JPY – Technical Evaluation

Consolidation continues for USD/JPY because it has remained within the 112.533 – 113.960 vary for over 2 weeks. The 1-week vary has been tighter, buying and selling inside 113.223 – 113.960.

As collection of easy shifting commons (SMA)are clustered close to the present value, which could counsel that the market is missing route and might be shifting sideways for now.

The short- and medium-term SMAs of 10-, 21-, 34- and 55-day period lie between 113.28 and 113.96. These ranges are additionally near the latest high and low of 113.223 and 113.960. They could present assist and resistance respectively.

Whereas these would possibly lack directional momentum, the long run 100- and 200-day SMAs stay beneath the value and each have constructive gradients. This might counsel that there’s underlying bullish momentum evolving.

Additional up, the March 2017 peak of 115.505 and the latest excessive at 115.524 might provide resistance.

On the draw back, assist might be on the earlier lows and pivot factors of 112.533, 112.079, 110.802, 109.113 and 108.723.


Chart created in TradingView

AUD/JPY – Technical Evaluation

After making a 3-month low at 78.790, AUD/JPY spent final week rallying after it closed again contained in the decrease band of the 21-day SMA based mostly Bollinger Band.

The low of 78.790 was slightly below the September low of 78.846 and these ranges would possibly now present assist.

The worth has moved above the 10-day SMA which might counsel that brief time period bullish momentum might unfold.

The 21- and 100-day SMAs are at present at 81.688 and 81.766 which is both facet of the excessive final week at 81.717. This space might provide close to time period resistance.

The 34-, 55- and 200-day SMAs are in a cluster between 82.736 and 82.87 and this space would possibly provide resistance.

Additional up, potential resistance might lie on the earlier highs and pivots factors of 82.028, 82.160, 83.249, 84.162 and 86.261.


— Written by Daniel McCarthy, Strategist for

To contact Daniel, use the feedback part beneath or @DanMcCathyFX on Twitter

DailyFX offers foreign exchange information and technical evaluation on the traits that affect the worldwide foreign money markets.

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