AUD/JPY Down 20 Pips On Hourly Chart, Moves Down For the 2nd Consecutive Day; Breaks Below 20 Day Average

Hourly Update

(Last Updated September 22, 2022 1:35 GMT)

Currently, AUDJPY’s rate is down -2050 pips (-0.21%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 is down 63 pips (0.66%) since the previous day (opening today near 95.51), marking the 2nd consecutive day a decline has happened. Relative to other instruments in the Forex asset class, AUDJPY ranked 29th the previous day in terms of percentage price change. The price chart of AUDJPY below illustrates.

AUDJPY

AUDJPY Technical Analysis

First things first: AUDJPY crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 18 out of the past 30 days.