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AUDJPY Short-Term (Next Six Months) Forecast
November 2024
Current Price Range: Around 0.837.
The pair is rebounding from a recent support zone near 0.830. This area represents strong buying interest, as evident from previous price reactions.
Expect the pair to test the resistance level around 0.845 during November if momentum sustains.
Possible movement: A range between 0.830 (support) and 0.845 (resistance).
December 2024
With increased market activity leading into the year-end, the resistance around 0.845 may see further testing.
If liquidity gathers near the current support, a breakout towards the next resistance at 0.860 is likely.
Key Levels:
Support: 0.830
Resistance: 0.860
Movement: A potential push toward 0.860 if bullish pressure sustains.
January 2025
Seasonality might bring EUR strength due to renewed market inflows. Liquidity above 0.860 could draw prices higher.
The pair is likely to consolidate near 0.860–0.870. If selling pressure arises, it may pull the pair back to 0.845.
Key Levels:
Support: 0.845
Resistance: 0.870
Movement: A possible range of 0.845–0.870.
February 2025
This month might be characterized by corrective movements after a possible January rally.
A retest of the support at 0.845 could occur if sellers dominate near 0.870. However, the pair might continue its upward momentum if the support holds firm.
Key Levels:
Support: 0.845
Resistance: 0.870
Movement: Consolidation between 0.845–0.870 with a bearish bias.
March 2025
If economic fundamentals favor the EUR, liquidity between 0.870 and 0.880 may attract buyers, pushing prices higher.
A failure to hold above 0.845 could signal a deeper retracement toward 0.830.
Key Levels:
Support: 0.830
Resistance: 0.880
Movement: A range-bound movement within 0.830–0.880.
April 2025
The pair could begin forming a directional bias for Q2 2025. Sustained buying could drive prices toward 0.900, a significant liquidity zone.
Key Levels:
Support: 0.845
Resistance: 0.900
Movement: A gradual move toward the psychological 0.900 mark if no major selling arises.
AUD To Japanese Yen Long-Term Forecast
Q2–Q4 2025
- The historical chart suggests a long-term upward trendline starting from lower levels near 0.800. This trendline may continue supporting EUR/GBP over the medium term.
- The pair could target higher liquidity levels around 0.900–0.950, provided global economic conditions favor the EUR over GBP.
- Key Support and Resistance Levels:
- Support: 0.830, 0.845
- Resistance: 0.900, 0.950
- Forecast:
- Prices might move steadily toward 0.900–0.950, aligning with long-term historical levels.
- A deeper retracement toward 0.830 is possible if macroeconomic conditions shift against the EUR.
Beyond 2025
- The pair’s historical movement indicates significant resistance above 0.950, suggesting limited upside beyond this level without strong EUR catalysts.
- Long-term consolidation between 0.800–0.950 is probable, with sporadic tests of these boundaries based on economic and geopolitical developments.
Conclusion
In the short term, EUR/GBP is likely to test and consolidate around critical levels (0.845–0.860). A breakout above 0.860 could pave the way for a push toward 0.900 in the coming months. Longer-term movements favor continued upward momentum, barring major EUR weakness, with liquidity zones near 0.900–0.950 acting as significant targets. Maintaining a close watch on key support levels near 0.830 and 0.845 will be essential to validate upward bias.