AUD/JPY Makes Big Move Relative to Past Three Months, Down 259 Pips; in a Downtrend Over Past 90 Days

AUD/JPY Price Recap

AUD/JPY is down 259 pips (3.7%) since yesterday (with its current price near 67.405), marking the 3rd day in a row a decline has happened. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 14.52% from the day prior, but up 164.01% from the same day the week before. Relative to other instruments in the Forex asset class, AUD/JPY ranked 38th yesterday in terms of percentage price change. Let’s take a look at price chart of AUD/JPY.

AUD/JPY Technical Analysis

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 487.4 pips away. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 11 out of the past 14 days.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on AUDJPY, with 4 buy signals on our radar and 2 sell signals. This imputes a buy/sell ratio of 2, which is bullish. Here’s a piece we found on tradingview.com that we thought you might enjoy.