Bearish
AUD/JPY holds near 112.00 amid bearish trend below key moving averages.
Over the past 24 hours, AUD/JPY has maintained modest gains near the 112.00 level. However, the pair continues to face bearish pressure, trading below significant moving averages, indicating a prevailing downward trend.
Key points
- AUD/JPY remains below the 50-day, 100-day, and 200-day simple moving averages, acting as resistance between 112.50 and 113.00.
- The Relative Strength Index (RSI) is just above 40, suggesting weak bullish momentum without reaching oversold conditions.
- Initial support is at 111.15, with immediate resistance at 112.40.
Sources
AI-generated from public news sources. Not financial advice.
