AUD/JPY Price Analysis: Doji, overbought RSI probe buyers at seven-year high around 97.50
09.09.2022, 01:58

AUD/JPY Price Analysis: Doji, overbought RSI probe buyers at seven-year high around 97.50

  • AUD/JPY struggles to extend intraday gains after refreshing seven-year high.
  • Overbought RSI, bearish candlestick formation joins downbeat China data to challenge upside momentum.
  • Bears need a clear break of five-week-old support line to retake control.

AUD/JPY dribbles around the highest levels since 2015 during Friday’s Asian session, despite the overbought RSI conditions and Thursday’s Doji. That said, the cross-currency pair grinds higher around 97.50 by the press time.

In addition to the candlestick and RSI, the downbeat prints of inflation data Australia’s key customer China also weigh on the AUD/JPY prices.

China’s Consumer Price Index (CPI) and Producer Price Index (PPI) both print unwelcome numbers for August. That said, the headline CPI eased to 2.5% YoY versus 2.8% market forecasts and 2.7% prior while the PPI dropped to 2.3% compared to 3.1% expected and 4.2% prior.

That said, pullback moves may initially aim for the tops marked in June and April, respectively near 96.90 and 95.75. However, AUD/JPY bears remain unconvinced beyond the upward sloping support line from early August, at 95.73 by the press time.

Alternatively, the 98.00 round figure seems to lure the pair buyers before directing them towards an upward sloping resistance line from April, near 98.75 by the press time.

Following that, the 99.00 and the 100.00 thresholds will gain the AUD/JPY bull’s attention.

AUD/JPY: Daily chart

Trend: Limited upside expected

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik