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Aug 21, 2014
AUD/JPY an hourly double top at daily resistance levels
FXStreet (Guatemala) - AUD/JPY is trading at 96.36, up 0.00% on the day, having posted a daily high at 96.41 and low at 96.27.
The sagging yen is felt across the board and AUD/JPY has a double top on the hourly testing the bears commitments at yearly highs and resistance levels. Weighing on the yen is that Japan has been considering a stimulus plan of 1 trillion yen for 2015 to help boost the economy due to the effects of the tax hike that is planned for late next year.
AUD/JPY hourly levels
Current price is 96.36, with resistance ahead at 96.40 (Weekly Classic R2) and 96.42 (Annual High). Next support to the downside can be found at 96.36 (Daily Open), 96.26 (Daily Classic R3), 96.16 (Hourly 20 EMA) and 96.11 (Daily Classic R2)
The sagging yen is felt across the board and AUD/JPY has a double top on the hourly testing the bears commitments at yearly highs and resistance levels. Weighing on the yen is that Japan has been considering a stimulus plan of 1 trillion yen for 2015 to help boost the economy due to the effects of the tax hike that is planned for late next year.
AUD/JPY hourly levels
Current price is 96.36, with resistance ahead at 96.40 (Weekly Classic R2) and 96.42 (Annual High). Next support to the downside can be found at 96.36 (Daily Open), 96.26 (Daily Classic R3), 96.16 (Hourly 20 EMA) and 96.11 (Daily Classic R2)