Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

AUD/USD bounces off support while EUR/JPY, USD/JPY range trade

​​​AUD/USD bounces off support while EUR/JPY, USD/JPY range trade​ with a slight bullish bias.​

AUD/USD Source: Adobe images

​​AUD/USD finds support

AUD/USD recovers from its current November low at $0.6435 and aims for Monday's high at $0.6549. Further up the September-to-November downtrend line can be seen at $0.6571. Minor support sits at Friday's $0.6472 low.

​​AUD/USD daily chart

AUD/USD chart Source: TradingView
AUD/USD chart Source: TradingView

EUR/JPY remains above support

EUR/JPY remains above Friday's ¥159.91 low and targets the 55-day simple moving average (SMA) at ¥162.31. Further up lies the ¥163.60 October peak.

EUR/JPY daily chart

EUR/JPY chart Source: TradingView
EUR/JPY chart Source: TradingView

USD/JPY range trades

USD/JPY still range trades below its late May high at ¥157.70 while staying above last week's low at ¥153.29.

Slightly below it lies minor support at the 23 October high at ¥153.19 with the 200-day SMA slithering around the ¥151.95 level. While ¥153.29 holds, last week's high at ¥155.88 remains in play.

USD/JPY daily chart

USD/JPY chart Source: TradingView
USD/JPY chart Source: TradingView

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.

Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Find out more

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Tuesday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.