AUD/JPY Price Forecast: Finds Support at 94.00, Bullish Bias Strengthens

AUD/JPY Price Forecast: Finds Support at 94.00, Bullish Bias Strengthens

Published: June 19, 2025 | 🖋️ By Akhtar Faruqui

Technical Overview

The AUD/JPY currency pair is retracing slightly on Thursday but remains above a critical support zone at 94.00, which aligns with the nine-day Exponential Moving Average (EMA) at 93.99. As long as the price holds above this support, the bullish momentum remains intact.

The pair trades within a well-defined ascending channel, and the 14-day Relative Strength Index (RSI) stays above the neutral 50 level—both technical signals reinforcing a short-term upward trend.

Key Levels to Watch

• Immediate Support: 93.99 (9-day EMA)
• Initial Resistance: 95.20 (channel upper boundary)
• Next Target: 95.65 (three-month high from May 13)

Outlook

A bounce off the 94.00 level could push AUD/JPY toward 95.20, the upper channel resistance. If the pair manages a breakout above this zone, it would confirm a continuation of the bullish structure, targeting a retest of May’s multi-month high at 95.65.

Learn More: How EMA and RSI Drive Short-Term FX Momentum

Traders should monitor price action closely at these levels for confirmation before initiating fresh long positions.