- Aud/JPY was seen near the 94.30 region on Friday before the Asian session, as it retreated towards the lower end of its daily scope.
- Despite the mixed signals of the vibrations, the transmission of the averages tends to the broader technical bias to the negative side.
- Support lies near 94.00 and 93.88, while resistance is seen directly above 94.40; The indicators remain conflicting with the decline.
The AUD/JPY pair extended its decrease on Friday, as it was hovering near the 94.30 region after the European session and the slide is closer to the lower end of its scope during the day. The couple retracts significantly a day, reflecting an increase in the sale of interest. While some of the momentum indicators remain neutral or even a little constructive, the broader technical signals continue to prefer the declining bias in the near term.
Looking at the indicators, the RSI has decreased less than 50, but it is neutral in tone, while MACD publishes a slight purchase signal, hinting to a short -term correction possible. However, the force of the bull bear is 0.641, which enhances the basic sale pressure, and the Williams % remains neutral, and the failure to provide a clear reflection signal.
The moving averages offer a divided image. The simple moving average of the short term lasts for 20 days (SMA) at 94.02, indicating a purchase, which provides dynamic support. However, EMA for 10 days (94.45) and SMA (94.58), along with 100 days (96.85) and 200 days (98.70) SMAS, are all a meager decline, indicating that the upward capabilities cover unless a structural shift occurs.
In terms of levels, immediate support appears at 94.16, followed by 94.02 and 93.88. On the other hand, the resistance is seen about 94.35, 94.42 and 94.45-before the main averages that can work as areas of sale if the bulls try to restore control.
Aud/JPY Daily Chart
