AUD/JPY supported at 200 SMA

By FXStreet FXStreet (Guatemala) – AUD/JPY is currently trading at 85.93 with a high of 86.02 and a low of 85.85.

AUD/JPY has settled this week into a consolidation of the supply that came in at the top of the bullish trend from 83.35 capped at 87.51. The greenback has been the top performer and leaves the cross in the middle while Japan are out for the next couple of sessions and focus is elsewhere, remaining with risk-on or off that will determine direction and how the commodity bloc is performing.

AUD/JPY on risk

S&P futures are in the green with a positive close on Wall Street, although the metals were struggling and the Aussie is running out of steam testing the supportive area of the 200 SMA on the hourly sticks.

Immediate upside targets while trading above the 200 SMA still, today at 85.80 come as R1 87.11, R2 87.32 and R3 87.54. Support comes as 85.80, 85.58/65.
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Source:: FX Street