Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
21 Jun 2023

AUD/JPY Price Analysis: Tumbles amidst bearish signals, eyes support levels

  • AUD/JPY sees a bearish trend below 96.00, with sellers eyeing the 95.00 figure.
  • The AUD/JPY could potentially slide to the Tenkan-Sen line at 95.41.
  • Upside resistance lies around 97.00 after the AUD/JPY surpasses key resistance levels.

As the Asian session began, the AUD/JPY exchanged hands at around 95.96, following Tuesday’s price action. The AUD/JPY formed a three-candle evening star chart pattern, which suggests further downside action is expected.  

AUD/JPY Price Analysis: Technical outlook

From the daily chart perspective, the AUD/JPY remains upward biased in the medium term, but a back-to-back bearish session suggests downside action is warranted. If the AUD/JPY slides past the June 20 daily low of 95.57, that could drive the price toward the Tenkan-Sen line at 95.41. A breach of the latter could tumble the AUD/JPY below the 95.00 handle, exposing the 94.00 figure immediately followed by the Kijun-Sen line at 93.96.

Dropping to the 1-hour chart, the AUD/JPY is set to extend its losses, but support lies at the Tenkan-Sen line at 95.80. Once cleared, the cross would test the 95.57 June 20 low before challenging the S1 daily pivot at 95.20, followed by the S2 pivot at 94.46.

Conversely, if AUD/JPY cracks the 96.00 figure, it would exacerbate a rally toward the bottom of the Ichimoku cloud. The next resistance would be the daily pivot at 96.30, followed by the Kijun-Sen line at 96.49, before testing the bottom of the cloud at around 97.00.

AUD/JPY Price Action – Hourly chart

AUD/JPY Hourly chart

 

Jun 21, 2023

European Monetary Union Current Account n.s.a down to €4.2B in April from previous €45B

European Monetary Union Current Account n.s.a down to €4.2B in April from previous €45B
Read more Previous
Jun 21, 2023

USD/JPY Price Analysis: Bears eye a run to test 141 the figure

The US Dollar index moved up on Tuesday and sank the Yen as investors weighed the US interest rate outlook ahead of Federal Reserve Chair Jerome Powel
Read more Next