The AUD/JPY extends its gains for the fifth day in a row, climbs 0.30%, and trades at 102.35.
AUD/JPY up 0.30%, showing bullish momentum for potential rise beyond 102.35. Bullish RSI indicates room for growth before hitting overbought conditions. Key levels: Resistance at Tenkan-Sen and support at Kijun-Sen . Market sentiment remains upbeat, which usually weighs on the Japanese Yen safe-haven appeal, which remains the laggard in the Forex markets against other peers. AUD/JPY Price Analysis: Technical outlook After reaching a year-to-date high at 104.95, the AUD/JPY retreated towards 100.
00 figure would emerge as the next stop, ahead of testing April’s 26 high at 103.47. Up next would be 104.00, followed by the YTD high. On the other hand, buyers' failure to crack the Tenkan-Sen can pave the way for sellers to step in and push prices lower. The first support would be the 102.00 mark, followed by the Kijun-Sen at 101.36. Further losses are seen at the May 3 low at 100.45, followed by the 100.00 figure. AUD/JPY Price Action – Daily Chart AUD/JPY Overview Today last price 102.
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