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AUD/JPY on trading range at 92.70

FXstreet.com (Chicago) – AUD/JPY remains stalled after the plunge from the 94.60 front throughout last week.

AUD/JPY Technical Levels

Price action reveals the pair stalls after managing to break the downward trendline that started last November 19th with a trendless movement that continues ahead of the European trading session. According to Jim Langlands from FXcharts, “With both currencies racing lower the cross is not actually doing too much at present and there are better things to watch. It is gyrating between the 200 DMA at 94.45 and support at 92.30, which lies above the 100 DMA at 91.50. Trade the …read more