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8 Jan 2015
AUD/JPY trim gains, finds support above 96.70
FXStreet (Córdoba) - AUD/JPY peaked on Thursday at the beginning of the European session at 97.24, hitting a 2-day high and then pulled back below 97.00 trimming gains.
The decline from the highs found support above 96.70 and currently the pair trades around 97.00, up 70 pips from yesterday’s closing price.
AUD/JPY technical levels
The aussie is rising against the yen for the second day in a row but so far it has been unable to confirm above 97.00. Above the mentioned level the next resistance might lie at 97.55 followed by 98.25/30 (Dec 28, 31 high). On the opposite direction support might lie at 96.35 (Dec 5 low) and 95.60.
The decline from the highs found support above 96.70 and currently the pair trades around 97.00, up 70 pips from yesterday’s closing price.
AUD/JPY technical levels
The aussie is rising against the yen for the second day in a row but so far it has been unable to confirm above 97.00. Above the mentioned level the next resistance might lie at 97.55 followed by 98.25/30 (Dec 28, 31 high). On the opposite direction support might lie at 96.35 (Dec 5 low) and 95.60.