AUD/JPY Price Analysis: Teases key Fibonacci support on upbeat Australia Retail Sales

  • AUD/JPY bounces off weekly low but fails to stay firmer.
  • Australia Retail Sales jumps the most in 2021 during October.
  • Failures to cross 50-SMA, descending Momentum line keep bears hopeful.
  • 78.6% Fibonacci retracement of bear’s radar, bulls need validation from three-week-old horizontal area.

AUD/JPY struggles to overcome weekly low, despite the firmer Aussie Retail Sales data favoring the quote’s rebound during early Friday. The cross-currency pair picks up bids to 82.42 at the latest, printing a three-day low with 0.60% daily loss.

Australia Retail Sales not only crossed 2.5% market consensus and 1.3% prior reading but also marked the heaviest increase in October to jump with a 4.5% YoY print.

Even so, the AUD/JPY remains pressured around the 61.8% Fibonacci retracement (Fibo.) level of October’s upside amid the downbeat Momentum line.

The corrective pullback remains elusive until crossing 83.10 resistance confluence including the 50% Fibo. and 50-SMA.

Also acting as an upside filter is the horizontal area comprising multiple highs marked since November 08 around 84.15-20.

Meanwhile, a clear downside past 61.8% Fibonacci retracement level of 82.30 will direct the quote towards 78.6% Fibo. near 81.25.

While the 82.00 threshold may act as a buffer during the fall, the last month’s bottom of 79.90 will be crucial to watch past 81.25.

AUD/JPY: Four-hour chart

Trend: Further weakness expected

Additional important levels

Today last price 82.43
Today Daily Change -0.49
Today Daily Change % -0.59%
Today daily open 82.92
Daily SMA20 83.75
Daily SMA50 83.02
Daily SMA100 81.9
Daily SMA200 82.96
Previous Daily High 83.2
Previous Daily Low 82.8
Previous Weekly High 84.16
Previous Weekly Low 82.16
Previous Monthly High 86.26
Previous Monthly Low 79.9
Daily Fibonacci 38.2% 82.95
Daily Fibonacci 61.8% 83.05
Daily Pivot Point S1 82.74
Daily Pivot Point S2 82.57
Daily Pivot Point S3 82.34
Daily Pivot Point R1 83.14
Daily Pivot Point R2 83.37
Daily Pivot Point R3 83.55



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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD climbs above 1.1250 as investors eye coronavirus headlines

EUR/USD preserved its recovery momentum early Friday and rose above 1.1250 during the European trading hours. Markets are doubting the Fed's policy tightening prospects as the new coronavirus variant revives concerns over the economic recovery losing steam.


GBP/USD rebounds toward mid-1.3300s on broad dollar weakness

GBP/USD reversed its direction after dipping below 1.3300 earlier in the day and started to push higher toward 1.3350. The greenback is facing heavy selling pressure amid the sharp decline witnessed in the 10-year US Treasury bond yield.


Gold clings to strong gains above $1,800 as US T-bond yields plunge Premium

Gold staged a decisive rebound on Friday and reclaimed $1,800. The intense flight to safety is causing US Treasury bond yields to fall sharply and fueling XAU/USD's rally. Investors await news on vaccines' effectiveness against the new COVID variant.

Gold News

Cardano could tank to $1 if ADA fails to defend crucial support

Cardano price is currently hovering below a freshly shattered 6-hour demand zone, ranging from $1.68 to $1.79. This resulting crash could extend to the immediate and critical foothold at $1.40. 

Read more

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!