AUD/JPY technical analysis: 50-bar EMA, 61.8% Fibo. cap immediate downside


  • AUD/JPY stays above 73.80/82 support confluence including 50-bar EMA and 61.8% Fibonacci retracement.
  • A falling trend-line since July-end restricts nearby upside.

Despite showing fewer moves off-late AUD/JPY stays well above key support-confluence while flashing 74.00 as a quote during the early Asian session on Thursday.

The 50-dar exponential moving average (EMA) and 61.8% Fibonacci retracement of July-August declines together constitute 73.82/80 support-joint that becomes the key for sellers to watch as a downside break of which could drag the quote to September 10 low near 73.42 before highlighting 50% Fibonacci retracement level of 73.07 for bears to watch.

It should, however, be noted that August 13 top surrounding 72.90 could restrict the pair’s declines below 73.07.

Alternatively, a downward sloping trend-line since July 31, near 74.50, acts as an immediate resistance, a break of which can escalate the run-up towards 75.00 and July 25 high close to 75.60 whereas July month peak around 76.20 could lure bulls afterward.

AUD/JPY 4-hour chart

Trend: sideways

additional important levels

Overview
Today last price 74.04
Today Daily Change -19 pips
Today Daily Change % -0.26%
Today daily open 74.23
 
Trends
Daily SMA20 72.66
Daily SMA50 73.39
Daily SMA100 74.57
Daily SMA200 76.69
 
Levels
Previous Daily High 74.3
Previous Daily Low 73.89
Previous Weekly High 74.5
Previous Weekly Low 73.03
Previous Monthly High 74.87
Previous Monthly Low 69.97
Daily Fibonacci 38.2% 74.14
Daily Fibonacci 61.8% 74.05
Daily Pivot Point S1 73.98
Daily Pivot Point S2 73.73
Daily Pivot Point S3 73.57
Daily Pivot Point R1 74.39
Daily Pivot Point R2 74.55
Daily Pivot Point R3 74.8

 

 

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