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30 Dec 2014
AUD/JPY trims losses and rises toward 98.00
FXStreet (Córdoba) - AUD/JPY rose almost 60 pips during the last two hours and erased most of daily losses. Earlier dropped to 97.28, reaching the lowest price in a week.
A rally in the AUD/USD pair and the recovery of USD/JPY from levels under 119.00 boosted the aussie versus the yen during the American session.
Currently the pair is attempting to rise back above 98.00, trading less than 20 pips below yesterday’s closing price.
AUD/JPY technical levels
To the downside support levels now might lie at 97.55, 97.25/30 (daily low) and 97.05. To the upside, resistance could be located at 98.00 and above here at 98.20 (daily high) and 98.45.
A rally in the AUD/USD pair and the recovery of USD/JPY from levels under 119.00 boosted the aussie versus the yen during the American session.
Currently the pair is attempting to rise back above 98.00, trading less than 20 pips below yesterday’s closing price.
AUD/JPY technical levels
To the downside support levels now might lie at 97.55, 97.25/30 (daily low) and 97.05. To the upside, resistance could be located at 98.00 and above here at 98.20 (daily high) and 98.45.