AUD/JPY consolidation near ¥109.49 support: Technical outlook

AUD/JPY consolidation near ¥109.49 support: Technical outlook
Australian Dollar vs Yen slides 0.75% today

Australian Dollar vs Yen (AUD/JPY) is trading at ¥110.04 after moving modestly lower today. The pair remains below its key moving averages, signaling a weak tone in the immediate session.

AUD/JPY price prediction
24H 0.14%
110.97
48H 0.05%
110.87
7D 0.14%
110.97
1M -0.14%
110.66
3M 6.42%
117.92
6M 11.32%
123.35
12M 10.87%
122.85
Current price: ¥110.81 0.0201 0.02%
Closed 10/30
Daily range 110.21 Arrow from to Icon 110.99
Weekly range 110.09 Arrow from to Icon 111.56
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Highlights

  • AUD/JPY trades below key short-term and long-term moving averages, showing strong seller pressure across all time frames.
  • Bearish momentum dominates as MACD, ADX, and intraday indicators signal high probability of further downside with low volatility.
  • AUD/JPY fell 0.75% to ¥110.04 and is likely to remain in a range of ¥109.49 to ¥110.59 over the next 2 to 3 days, with a further drop more likely than a rebound.

Seller momentum dominates with resistance capping intraday rebounds

On the hourly chart, AUD/JPY is positioned below the MA-20, MA-50, and MA-200 levels, with the Ichimoku Kijun resistance identified at ¥110.72. MACD and ADX both highlight ongoing seller momentum, while RSI remains in sell territory. Stoch RSI and CCI do not indicate oversold conditions, staying neutral. Bull/Bear Power reflects intraday seller dominance, and the Awesome Oscillator confirms the prevailing negative momentum.

Downside risk elevated as bullish reversal prospects remain limited

Over the next two to three trading days, AUD/JPY is expected to remain constrained within a volatility band of ¥109.49 to ¥110.59. The probability of an upward reversal is very low, while the likelihood of a continued decline is high. If the price sustains above ¥110.72, a bullish rebound may unfold; however, a drop below ¥109.49 would likely accelerate downside momentum in the short term.

Viktoras Karapetjanc, expert at Traders Union, sees a cautious market for AUD/JPY with sentiment weighed down by technical resistance and persistent seller momentum. He believes macro drivers offer little relief, as the pair stays below crucial moving averages and fails to attract bullish flows. Downside risks remain the dominant theme, especially if the price slips under ¥109.49. However, Karapetjanc maintains a positive outlook if resistance is cleared. "If AUD/JPY can break and sustain above ¥110.72, tactical buyers should pay close attention to a potential rebound."

Earlier, analysts noted that AUD/JPY was under sustained selling pressure, with weak fundamentals and oversold technical signals maintaining a bearish outlook. The current analysis reinforces this view, highlighting persistent downside momentum and identifying ¥109.49 as a critical support level that traders should monitor for potential acceleration of losses in the near term.

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.