AUD/JPY Price Analysis: Bulls again confront 200-bar EMA to regain 76.00

AUD/JPY extends Friday’s pullback from 74.93, rises for fifth day in last six.
A falling trend line from August 31 adds to the upside barriers.
September 25 top can lure bears low the fresh monthly bottom.

Anil Panchal FXStreet

AUD/JPY remains bid near 75.85, up 0.56% intraday, during early Monday. In doing so, the quote defies Friday’s halt to a four-day winning streak while taking a U-turn from 74.93.

Even so, the quote needs to successfully break a 200-bar EMA level of 75.91 to regain the $76.00 threshold.

Also acting as the key upside barrier is the confluence of a five-week-old falling trend line and 50% Fibonacci retracement of August 31 to September 24 downside, currently around 76.25.

On the contrary, pair’s declines below 74.93 will recall the bears targeting September 25 tops near 74.60 ahead of challenging the September month’s low of 73.97.

During the quote’s further weakness below 73.97, the 73.00 round-figure and the June 22 bottom close to 72.75 can lure the AUD/JPY bears.

AUD/JPY four-hour chart

Trend: Pullback expected

Additional important levels

Overview
Today last price	75.82
Today Daily Change	0.38
Today Daily Change %	0.50%
Today daily open	75.44

Trends
Daily SMA20	75.98
Daily SMA50	76.22
Daily SMA100	75.04
Daily SMA200	72.87

Levels
Previous Daily High	75.88
Previous Daily Low	74.93
Previous Weekly High	76.05
Previous Weekly Low	74.12
Previous Monthly High	78.36
Previous Monthly Low	73.97
Daily Fibonacci 38.2%	75.29
Daily Fibonacci 61.8%	75.52
Daily Pivot Point S1	74.95
Daily Pivot Point S2	74.47
Daily Pivot Point S3	74
Daily Pivot Point R1	75.9
Daily Pivot Point R2	76.36
Daily Pivot Point R3	76.85

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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