AUD/JPY Technical Analysis: 50-day SMA and 61.8% Fibonacci guards the upside around 78.85-95

AUD/JPY daily chart

  • The AUD/JPY pair remains little changed near 78.67 during early Asian sessions on Thursday.
  • The pair surged to a week’s on yesterday but fall short of clearing 50-day simple moving average (SMA) and 61.8% Fibonacci retracement level of its December – January downturn.
  • The same confluence region around 78.85-95 presently restricts the quote’s immediate upside.
  • In addition to 78.85-95, a two-month-old descending trend-line figure of 79.45, followed by 80.00, could also challenge the buyers.
  • Meanwhile, 78.50 and 77.80 may offer nearby support to the pair ahead of highlighting 77.55-50 support-area.
  • During the pair’s extended downturn past-77.50, 77.00 and 76.00 may gain sellers’ attention.

AUD/JPY 4-Hour chart

  • Symmetrical triangle restricts the pair moves between 78.35 and 78.90 on H4.
  • Break of 78.35 may recall 78.10 and 77.50 supports whereas  77.00 might confine the declines afterward.
  • In case prices manage to surpass 78.90, their surge to recent high around 79.85 and then to 81.00, including 61.8% Fibonacci expansion (FE) of its early-January to February move.

AUD/JPY hourly chart

  • Ascending trend-channel support, at 78.35 may become an immediate concern for the sellers ahead of aiming 78.15 and the 77.50.
  • Alternatively, 78.90 and channel resistance figure of 79.10 can limit immediate advances, a break of which can escalate the recovery to 79.50.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD extends slide, nears the 1.1200 figure

The shared currency is suffering from speculation the ECB will steepen easing and German Business Sentiment falling by more-than-anticipated. Upbeat US Retail Sales sent the pair further down toward the 1.1200 figure.



GBP/USD collapsed to fresh 2019 lows

Robust employment data fell short of supporting the Pound, badly hurt from mounting fears about a hard-Brexit, after PM’s candidates, Johnson and Hunt said that the Irish backstop is “dead” and would seek for a new daily, something the EU is not willing to do.


USD/JPY climbs to 4-day tops above 108.30, retreats on Trump comments

The USD/JPY pair gained traction in the second half of the day and rose to a fresh session high of 108.36.


Gold keeps the red near $1410 level ahead of Powell’s speech

Gold finally broke down of its consolidative trading range and tumbled to fresh session lows, below $1410 level during the early North-American session.

Gold News

Gold in search of a firm direction, stuck in a range ahead of US data/Powell

Gold lacked any firm directional bias and seesawed between tepid gains/minor losses through the mid-European session on Tuesday.

Read more