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AUD/JPY Technical Analysis: AUD/JPY near daily lows trying to find support at 82.00

  • AUD/JPY is trading to the downside for the third day in a row, however this Monday bears only managed to trade a handful of pips below last Friday’s low, suggesting that the bearish momentum is somewhat slowing down for the time being.
  • AUD/JPY found intraday support above the 82.00 figure which was a key level in the past weeks of trading. 
  • Bulls objective is to breakout above the bear trendline from July 19 in order to target 82.67-83.00 area. On the other hands, bears want a breakout below 82.00 in order to target 81.63 May 30 open. 


AUD/JPY 15-minute chart 

Spot rate:                0.8228

Relative change:     -0.47%     
High:                       0.8276
Low:                        0.8214

Trend:                     Bearish / Sideways correction


Resistance 1:         82.67-83.00 area, July 23 open, figure
Resistance 2:         83.48 July 19 open
Resistance 3:         84.00 figure

Support 1:              82.00 figure
Support 2:              81.63 May 30 open
Support 3:              81.00 figure

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