AUD/JPY Price Analysis: Bears look for acceptance, 82.85 in focus


  • AUD/JPY stays depressed while extending the previous day’s pullback moves.
  • 50-bar SMA, 18-day-old support line probe immediate downside.
  • Bulls need to defy Gravestone Doji at multi-month top to retake controls.

AUD/JPY holds lower ground near 83.25, down 0.40% intraday, during early Friday. The pair took a U-turn from a three-year high the previous day while flashing a bearish ‘gravestone Doji’ candlestick on the four-hour chart (4H). Also favoring the sellers could be the RSI drop from the overbought area.

However, a confluence of 50-bar SMA and an ascending trend line from February 02 currently tests the AUD/JPY bears around 82.90-85.

Should the quote drops below 83.85, the mid-month top near 82.40 and December 17 low near 81.75 will lure the sellers ahead of highlighting the 81.00 threshold.

Meanwhile, the corrective pullback may eye the 84.00 round-figure whereas 84.30 and 84.55 can test the AUD/JPY buyers afterward.

Though, bulls are less likely to be convinced unless crossing the latest top near 85.00, which in turn will reject the bearish candlestick formation.

AUD/JPY four-hour chart

Trend: Further weakness expected

Additional important levels

Overview
Today last price 83.29
Today Daily Change -0.29
Today Daily Change % -0.35%
Today daily open 83.58
 
Trends
Daily SMA20 81.6
Daily SMA50 80.44
Daily SMA100 78.25
Daily SMA200 76.75
 
Levels
Previous Daily High 84.95
Previous Daily Low 83.51
Previous Weekly High 83.16
Previous Weekly Low 81.45
Previous Monthly High 80.93
Previous Monthly Low 78.85
Daily Fibonacci 38.2% 84.06
Daily Fibonacci 61.8% 84.4
Daily Pivot Point S1 83.07
Daily Pivot Point S2 82.57
Daily Pivot Point S3 81.63
Daily Pivot Point R1 84.52
Daily Pivot Point R2 85.45
Daily Pivot Point R3 85.96

 

 

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