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AUD/JPY sluggish to recovery from fresh 24-month low

  • The Aussie's early-day bid sees limited upside as traders close the gap, but accomplish little else.
  • A fresh 24-month low for AUD/JPY leaves the pair shuffling its feet at the very bottom.

AUD/JPY is seeing limited early-session gains into 78.30 after gapping into a new two-year low at 78.04 to open the markets for Monday. Risk appetite remains limited throughout the broader markets, and the Aussie continues to suffer in lock-step with a lagging Chinese economy, while investors keep one foot firmly planted in the safe-haven Yen.

The United States Economy and Politics in 2019

Investor risk sentiment has been a largely negative affair in the Pacific theater, sending the Aussie lower against the JPY, with a broader economic slowdown impeding investment and US-China trade tensions still looming over sentiment, and hopeful headlines regarding Sino-US trade relations are beginning to overstay their welcome as traders wait for concrete results.

AUD/JPY Technical Levels

AUD/JPY

Overview:
    Today Last Price: 78.34
    Today Daily change: -2.0 pips
    Today Daily change %: -0.0255%
    Today Daily Open: 78.36
Trends:
    Previous Daily SMA20: 81.61
    Previous Daily SMA50: 81.28
    Previous Daily SMA100: 81.07
    Previous Daily SMA200: 81.77
Levels:
    Previous Daily High: 79.27
    Previous Daily Low: 78.34
    Previous Weekly High: 81.51
    Previous Weekly Low: 78.34
    Previous Monthly High: 83.22
    Previous Monthly Low: 79.84
    Previous Daily Fibonacci 38.2%: 78.7
    Previous Daily Fibonacci 61.8%: 78.92
    Previous Daily Pivot Point S1: 78.04
    Previous Daily Pivot Point S2: 77.72
    Previous Daily Pivot Point S3: 77.11
    Previous Daily Pivot Point R1: 78.98
    Previous Daily Pivot Point R2: 79.59
    Previous Daily Pivot Point R3: 79.91

 

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