AUD/JPY Price Analysis: Traders Indecision keeps the pair range-bound, as a dragonfly-doji emerges – by christianborjon AUDJPY Crosses Technical Analysis Candlesticks
yen, while the Australian dollar awaits crucial data, with inflation figures about to be released on Wednesday, around 01:30 GMT. Nevertheless, the AUD/JPY still recorded minimal losses of 0.07%, but as the Asian session opens, it is trading at 95.08.The AUD/JPY daily chart illustrates that Tuesday’s price action formed a dragonfly-doji, meaning buyers/sellers are unsure about the pair’s direction.
Therefore, the AUD/JPY first resistance would be the confluence of the July 26 high and the R1 daily pivot point around 95.27-35. Once cleared, the AUD/JPY’s next resistance would be the July 21 daily high and the R2 pivot at 95.60, followed by the July 20 high at 95.76.
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