AUD/JPY Price Analysis: 61.8% Fibonacci, short-term supportline to challenge recent pullback

  • AUD/JPY pauses the latest declines while staying between the key technical levels.
  • An eight-day-old rising trend line, 61.8% Fibonacci retracement limits immediate downside.
  • 21-day SMA, 50% Fibonacci retracement challenges the short-term buyers.

AUD/JPY consolidates the latest losses to 73.80 by the press time of the early Asian session on Friday. The pair previously pulled back from 21-day SMA. Even so, it still trades above short-term support line and 61.8% Fibonacci retracement of its run-up from October to December 2019.

However, bullish MACD increases the odds for the pair’s further recovery towards the monthly high surrounding 74.40 if it successfully clears 21-day SMA and 50% of Fibonacci retracement, respectively around 74.00 and 74.15.

During the pair’s rise past-74.40, 50-day SMA around 74.85 and 75.00 round-figure will be on the buyers’ radars.

Meanwhile, a downside break of 73.60/55 support confluence can drag it to 73.00 ahead of highlighting the January 31 bottom of 72.44 for sellers.

If AUD/JPY prices keep trading southwards below 72.40, October 2019 trough around 71.70 could lure the bears.

AUD/JPY daily chart

Trend: Sideways

Additional important levels

Today last price 73.8
Today Daily Change -0.36
Today Daily Change % -0.49%
Today daily open 74.16
Daily SMA20 74.15
Daily SMA50 74.88
Daily SMA100 74.38
Daily SMA200 74.34
Previous Daily High 74.3
Previous Daily Low 73.69
Previous Weekly High 74.39
Previous Weekly Low 72.5
Previous Monthly High 76.34
Previous Monthly Low 72.46
Daily Fibonacci 38.2% 74.07
Daily Fibonacci 61.8% 73.92
Daily Pivot Point S1 73.8
Daily Pivot Point S2 73.44
Daily Pivot Point S3 73.19
Daily Pivot Point R1 74.41
Daily Pivot Point R2 74.66
Daily Pivot Point R3 75.02



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD: Growth concerns to keep weighing on the sentiment

The EUR/USD pair closed a second consecutive week unchanged around 1.1840, as the dollar got to appreciate ahead of the close on upbeat US data combined with risk-off. Sluggish global economic growth to keep weighing on the market’s sentiment.


GBP/USD: Brexit deal and coronavirus second wave leading the way

The GBP/USD pair stalled its weekly recovery on Friday, ending the day in the red at around 1.2915. Mild hopes related to a post-Brexit trade deal with the EU provided modest support to Sterling earlier in the week.


Gold: Next week's key macroeconomic events to keep an eye on

The troy ounce of the precious metal closed the week modestly higher at $1,950 but struggled to make a decisive move in either direction. Following its September policy meeting, the Federal Reserve kept its policy rate unchanged as ...

Gold News

It was the best of times, It was the worst of times

Economic reports from most of the major economies show the pace of the recovery has slowed.  In the same way, the recovery began before the end of the  Q2, the loss of economic momentum was seen as early as July in some series and August in others.

Read more

After yesterday's JMMC meeting WTI settles near $40 per barrel

WTI has been through a rollercoaster this week. The liquid gold has been in a downtrend leading into the OPEC+ JMMC meeting and then reversed the whole move. At the meeting the group agreed to extend the compensation period for overproduction till the end of December. 

Oil News