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11 Sep 2013
AUD/JPY skyrockets to fresh 3-month highs above 93.50
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading near session and fresh 3-month highs at 93.52, a +2.72% higher for the week so far, on a combination of stronger Aussie and weaker Yen ahead of Australia Westpac consumer sentiment data at 00:30 GMT.
AUD/JPY time to book profits
“This trade has been good to me and I was lucky enough to get in at very good levels,” said FXWW founder Sean Lee, adding: “There is solid resistance near 93.00 so I’m taking all but a tiny balance off the table and will now concentrate on my long cable play.” The AUD/JPY cross has printed so far a double high at 93.57 both at early and late NY session.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session and fresh 3-month highs 93.57, followed by June 10 highs at 93.80, and Jan 31 lows at 94.22. To the downside, closest support lies at NY session lows 93.04, followed by Monday's highs at 92.09, and Friday's highs at 91.70.
AUD/JPY time to book profits
“This trade has been good to me and I was lucky enough to get in at very good levels,” said FXWW founder Sean Lee, adding: “There is solid resistance near 93.00 so I’m taking all but a tiny balance off the table and will now concentrate on my long cable play.” The AUD/JPY cross has printed so far a double high at 93.57 both at early and late NY session.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session and fresh 3-month highs 93.57, followed by June 10 highs at 93.80, and Jan 31 lows at 94.22. To the downside, closest support lies at NY session lows 93.04, followed by Monday's highs at 92.09, and Friday's highs at 91.70.