AUD/JPY Price Analysis: 100-day EMA back on bulls’ radars

AUD/JPY remains positive near the monthly top.
Sustained trading beyond 61.8% Fibonacci retracement, bullish MACD keep buyers hopeful.
50-day EMA adds to the support.

Anil Panchal FXStreet

AUD/JPY remains positive around 69.7 during the initial Asian session on Monday. The pair successfully cleared 50-day EMA and 61.8% Fibonacci retracement of February-March fall during the last week.

As a result, buyers are now focusing on a 100-day EMA level of 70.14 as an immediate target before moving ahead for March month top near 71.52.

Meanwhile, a daily closing below 68.90 support confluence can drag the pair back to the three-week-old rising trend line, around 67.73 now.

It should, however, be noted that the pair’s further weakness below 67.73 might not hesitate to challenge 50% Fibonacci retracement level of 67.20.

AUD/JPY daily chart

Trend: Bullish

Additional important levels

Overview
Today last price	69.67
Today Daily Change	0.00
Today Daily Change %	0.00
Today daily open	69.67

Trends
Daily SMA20	68.72
Daily SMA50	67.61
Daily SMA100	71.04
Daily SMA200	72.25

Levels
Previous Daily High	69.73
Previous Daily Low	69.01
Previous Weekly High	69.73
Previous Weekly Low	67.63
Previous Monthly High	70.17
Previous Monthly Low	64.4
Daily Fibonacci 38.2%	69.46
Daily Fibonacci 61.8%	69.29
Daily Pivot Point S1	69.21
Daily Pivot Point S2	68.75
Daily Pivot Point S3	68.49
Daily Pivot Point R1	69.93
Daily Pivot Point R2	70.19
Daily Pivot Point R3	70.65

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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