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29 Apr 2025

AUD/JPY Price Analysis: Struggles to hold ground ahead of the Asian session

  • The AUD/JPY trades near the 91.30 zone with minimal gains during Monday’s session.
  • Overall bias remains bearish despite mixed technical signals.
  • Key resistance lies near 91.80, while support is seen closer to 91.10.

The AUD/JPY is trading close to the 91.30 area on Monday, showing very limited movement ahead of the Asian session. The pair remains stuck mid-range after a session characterized by low volatility. Despite a marginal daily gain, technical indicators provide a mixed picture: the Relative Strength Index (RSI) stays neutral around 48, the Moving Average Convergence Divergence (MACD) flashes a buy signal, while momentum and stochastic oscillators hint at mounting selling pressure. A bearish tilt remains dominant, reinforced by the 30-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), as well as the 100-day and 200-day SMAs, all indicating further downside risks.

Looking deeper into the technical setup, selling signals persist as the 30-day EMA at 91.77 and 30-day SMA at 91.88 lean toward further declines. Longer-term trends also add to the bearish bias, with the 100-day SMA at 94.99 and the 200-day SMA at 96.92 firmly indicating selling pressure. Even though the 20-day SMA, positioned lower around 90.65, suggests short-term buying interest, it seems insufficient to overturn the broader negative sentiment.

Momentum indicators bolster the bearish case, with the 10-period momentum showing weakness and the stochastic %K hovering at elevated but downward-leaning levels near 86, typically a signal of potential reversal from overbought conditions. On the flip side, the MACD’s buy signal tempers the bearish outlook somewhat, hinting at possible short-term stabilization.

In terms of levels to watch, support is seen around 91.33, 91.13, and deeper near 90.98. Meanwhile, resistance is stacked near the 91.77, 91.81, and 91.88 zones, suggesting that any upside attempt could face challenges relatively quickly.

Daily chart

Apr 29, 2025

EUR/JPY Price Analysis: Euro steady near mid-range as bullish signals hold ahead of Asia

The EUR/JPY is trading with slight gains near the 162.20 zone on Monday's session ahead of the Asian open, reflecting a cautious but positive mood. After modest fluctuations during the European hours, the pair stabilizes mid-range, hinting at a market waiting for fresh catalysts in Asia.
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Apr 29, 2025

Mexican Peso slips despite strong trade data, as US trade worries persist

The Mexican Peso weakened by 0.48% against the US Dollar on Monday, despite Wall Street gains and a 0.64% drop in the US Dollar Index (DXY). At the time of writing, the USD/MXN trades at 19.58 after bouncing off daily lows of 19.47.
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