- AUD/JPY is trading near 91.30 zone with minimal gains in Monday session.
- The general bias remains bearish despite the mix -of technical signals.
- The main resistance lies near 91.80, while the support is seen closer to 91.10.
AUD/JPY was a trade near 91.30 places on Monday, showing limited movements in advance of the Asian session. The pair remains stuck in the mid-range after a session characterized by low volatility. Despite a marginal day -to -day gain, the technical indicators provide a mix of picture: The KaMag -child Index Index (RSI) remains neutral around 48, the moving average change of convergence (MACD) shines a signal of purchase, while the momentum and stochastic oscillators imply at the seller of pressure. A bearish tilt remains dominant, reinforced by a 30-day exponential transfer of average (EMA) and simply moving average (SMA), as well as 100-day and 200-day SMA, all indicate additional downside risks.
Looking deeper in technical setup, the sale of signals continues while the 30-day EMA at 91.77 and 30-day SMA at 91.88 will lean towards further decline. Longer trends also add to bearish bias, with 100-day SMA to 94.99 and the 200-day SMA at 96.92 stablely indicates the sale of pressure. Even with the 20-day SMA, positioned less around 90.65, suggests short-term interest in purchase, it does not seem enough to drop greater negative emotions.
Momentum indicators strengthen the bearish case, with a 10-period momentum that shows weakness and the stochastic %k hovering on the elevated but descending levels close to 86, usually a signal of potential return from excessive conditions. On the flip side, the MACD purchase signal is quite the bearish perspective, indicating the possible short-term stabilization.
In terms of levels to watch, support can be seen around 91.33, 91.13, and deeper close to 90.98. Meanwhile, the resistance was stacked near 91.77, 91.81, and 91.88 zones, suggesting that any reversible attempts could face challenges relatively fast.
Sunny chart
