AUD/JPY Down 28 Pips in Last Hour, Moves Down For the 3rd Straight Day; is Inching Close to 20 Day Average

Hourly Update

(Last Updated September 16, 2022 1:36 GMT)

At the time of this writing, AUDJPY’s rate is down -2830 pips (-0.29%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 is down 45 pips (0.47%) since yesterday (opening today near 96.14), marking the 3rd straight day a decline has happened. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 32nd in terms of percentage change since yesterday. The price chart of AUDJPY below illustrates.

AUDJPY

AUDJPY Technical Analysis

Notably, the current price of AUDJPY is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For additional context, note that price has gone up 6 out of the past 10 days.