AUD/JPY Down 26 Pips On Hourly Chart, Came Into Today Up For the 3rd Straight Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated June 22, 2022 1:36 GMT)

Currently, AUDJPY’s rate is down -2620 pips (-0.28%) 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. As for the trend on the hourly timeframe, we see the clearest trend 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 is up 138 pips (1.47%) since yesterday (opening today near 95.27), marking the 3rd straight day an increase has occurred. Relative to other instruments in the Forex asset class, AUDJPY ranked 2nd yesterday in terms of percentage price change. Here is a price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Coming into today AUDJPY is now close to its 20 day averages, located at 93.5528 respectively, and thus may be at a key juncture along those timeframes. Volatility for AUDJPY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days AUDJPY’s price has gone up 19 them.