AUD/JPY technical analysis: 100-HMA caps immediate upside

100-HMA and RSI levels challenge post-50-HMA breakout momentum.
75.00 can return on the upside break.

Anil Panchal FXStreet

Even after clearing 50-HMA, AUD/JPY is still left to cross the 100-HMA upside barrier as it takes the rounds to 74.56 during early Tuesday.

With 14-bar relative strength index (RSI) also indicating nearly overbought conditions, pair’s failure to break the 100-hour moving average (100-HMA) can trigger its pullback to 74.44 comprising 50-HMA.

Given the quote’s extended declines beneath 74.44, 74.35 and 74.18 may offer intermediate halts before highlight latest low of 73.92 and the year 2016 low near 72.40.

Alternatively, an upside clearance of 74.64 resistance including 100-HMA may recall 75.00 back to the chart.

However, 61.8% Fibonacci retracement level of 75.23 and June 11 high surrounding 75.68 can question buyers afterward.

AUD/JPY hourly chart

Trend: Pullback expected

Additional important levels

Overview
Today last price	74.58
Today Daily Change	21 pips
Today Daily Change %	0.28%
Today daily open	74.37

Trends
Daily SMA20	75.48
Daily SMA50	77.13
Daily SMA100	77.98
Daily SMA200	79.14

Levels
Previous Daily High	74.79
Previous Daily Low	74.35
Previous Weekly High	76.05
Previous Weekly Low	74.48
Previous Monthly High	78.72
Previous Monthly Low	75.08
Daily Fibonacci 38.2%	74.52
Daily Fibonacci 61.8%	74.62
Daily Pivot Point S1	74.22
Daily Pivot Point S2	74.06
Daily Pivot Point S3	73.78
Daily Pivot Point R1	74.66
Daily Pivot Point R2	74.94
Daily Pivot Point R3	75.1

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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