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21 May 2014
AUD/JPY a falling knife, breaks below 93.50
FXStreet (Bali) - Currently, AUD/JPY is trading at 93.47, down -0.20% on the day as Tokyo comes online, having posted a daily high at 93.69 and low at 93.41.
The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 25.67, up from the last hourly print at 25.00, with ADX at 37.16, down from its previous close at 43.22. Daily RSI sits at 44.15, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 94.38, down from the last close at 95.15 and declining. The 20-day EMA closing price is 95.15, and ranging.
As Peter Fell, Editor at FXBeat, notes: "AUDJPY has plunged from 94.70 to 93.48 in the last 24 hours and is now eyeing support between 93.30/35, 93.35 is the 38.2% fibo on the 82.44 / 96.51 rise, 93.30 is the 100 DMA. Stop loss orders below 93.00 are being touted, a heavy fall in the Nikkei might get to these stops, Nikkei futures currently down 0.64%."
The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 25.67, up from the last hourly print at 25.00, with ADX at 37.16, down from its previous close at 43.22. Daily RSI sits at 44.15, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 94.38, down from the last close at 95.15 and declining. The 20-day EMA closing price is 95.15, and ranging.
As Peter Fell, Editor at FXBeat, notes: "AUDJPY has plunged from 94.70 to 93.48 in the last 24 hours and is now eyeing support between 93.30/35, 93.35 is the 38.2% fibo on the 82.44 / 96.51 rise, 93.30 is the 100 DMA. Stop loss orders below 93.00 are being touted, a heavy fall in the Nikkei might get to these stops, Nikkei futures currently down 0.64%."