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3 Jul 2015
AUD/JPY downside playing out before Greek referendum
FXStreet (Guatemala) - AUD/JPY is currently trading at 93.48 with a high of 94.02 and a low of 93.44.
AUD/JPY downside is playing out on a last flurry before the markets turn thin o the US holiday and nervous ahead of the Greek referendum this weekend.
AUD/JPY price action
AUD/JPY has been a shallow bid up to test 94 the figure for the best part of overnight trade and on a minor recovery of julys supply from just shy of the 95.00 handle, while Aussie was supported on a wobble in the greenback in US trade.
AUD/JPY fundamentally tipped on the offer ahead of Greek referendum
AUD/JPY has been offered on the basis of both the remaining data for Aussie traders in firstly retails sales and then the HSBC service PMI disappointments. This coupled with the Greek referendum taking place this week and given the Yens safe haven status, it could be expected that the cross remains in the hands of the bears.
AUD/JPY technically bearish
The downside has been well defined and carved out at the end of June and start of July business. The July bearish gap was closed but supply at 94.70 keeps the bulls out of the picture for a chance of a correction as price targets 93.20 first support ahead of 92.67 July low.
AUD/JPY downside is playing out on a last flurry before the markets turn thin o the US holiday and nervous ahead of the Greek referendum this weekend.
AUD/JPY price action
AUD/JPY has been a shallow bid up to test 94 the figure for the best part of overnight trade and on a minor recovery of julys supply from just shy of the 95.00 handle, while Aussie was supported on a wobble in the greenback in US trade.
AUD/JPY fundamentally tipped on the offer ahead of Greek referendum
AUD/JPY has been offered on the basis of both the remaining data for Aussie traders in firstly retails sales and then the HSBC service PMI disappointments. This coupled with the Greek referendum taking place this week and given the Yens safe haven status, it could be expected that the cross remains in the hands of the bears.
AUD/JPY technically bearish
The downside has been well defined and carved out at the end of June and start of July business. The July bearish gap was closed but supply at 94.70 keeps the bulls out of the picture for a chance of a correction as price targets 93.20 first support ahead of 92.67 July low.