AUD/JPY Up 4 Pips in Last Hour; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated January 5, 2022 1:37 GMT)

At the moment, AUDJPY’s rate is up 410 pips (0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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 entered today at 84.134, up 113 pips (1.37%) from the day prior. Relative to other instruments in the Forex asset class, AUDJPY ranked 3rd the day prior in terms of percentage price change. Let’s take a look at price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Notably, AUDJPY is now close to its 20, 50 and 200 day averages, located at 82.1904, 82.6576 and 82.6838 respectively, and thus may be at a key juncture along those timeframes. 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 200 day average, which is 145 pips away. It should be noted, though, the 200 day simple moving average turned upwards, which may be a bullish sign. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone up 8 them.