AUD/JPY Down 15 Pips On Hourly Chart, 4 Day Down Streak Ended; Crosses 100 Day Moving Average

Hourly Update

(Last Updated August 4, 2022 1:37 GMT)

At the time of this writing, AUDJPY’s rate is down -1480 pips (-0.16%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AUDJPY has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

AUDJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDJPY, which opened today priced near 93.02, is up 91 pips 0.99% since yesterday, marking a reversal from the day prior — and the end of a 4 day negative run. Relative to other instruments in the Forex asset class, AUDJPY ranked 3rd yesterday in terms of percentage price change. The price chart of AUDJPY below illustrates.

AUDJPY

AUDJPY Technical Analysis

Notably, AUDJPY crossed above its 100 day moving average yesterday. Or to simplify this another way, note that out of the past 10 days AUDJPY’s price has gone down 6 them.