Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
AUD/JPY Flirting with Pivotal  Support

AUD/JPY Flirting with Pivotal Support

Michael Boutros,

Talking Points


Chart Created Using FXCM Marketscope 2.0

Technical Outlook

  • AUDJPY holding below channel resistance off the October high
  • Interim support 86.13/28- Break lower targets 85.46 & 84.58/72
  • Resistance at 87 backed by near-term bearish invalidation 87.43/50
  • Daily RSI support-trigger pending- break would be bearish
  • Key Event Risk Ahead: Aussie Unemployment tomorrow and Japan Industrial Production & GDP later this week

AUDJPY 30min

Notes: AUDJPY is trading within the confines of these well-defined parallels off the monthly highs with the weekly opening range now set just above key near-term support at 86.47/53. A break below this level keeps the short-bias in focus targeting 086.26/29 backed by the parallel extending off last week’s low & 85.93.

Keep in mind that seasonal are bearish yen (bullish yen crosses) into the year-end so we’ll want to be nimble until we clear the monthly opening range. Interim resistance stands at 86.80 backed by our near-term bearish invalidation level at 87.07. A breach above 87.43/50 is needed to shift the focus back to the long side targeting the October high-day close at 88.35.

A quarter of the daily average true range (ATR) yields profit targets of 22-24 pips per scalp. Added caution is warranted heading into key data out of Australia & Japan this week with the release likely to fuel added volatility in Aussie & Yen crosses.

For updates on this scalp and more setups throughout the week subscribe to SB Trade Desk

Relevant Data Releases Next Week

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at or ClickHere to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX and Tuesday, Wednesday & Thursday’s on SB Trade Desk at 12:30 GMT (8:30ET)

Struggling with your strategy? Here’s the number one mistake to avoid

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.