AUD/JPY Technical Analysis: 77.50 again triggered the bounce targeting 78.77

AUD/JPY daily chart

  • The AUD/JPY pair stretched its Friday’s bounce to near 78.00 during initial trading hours on Monday.
  • The 78.77 horizontal-line connecting early January highs seem immediate resistance for the pair, breaking which 50-day simple moving average (SMA) at 79.15 could restrict further upside.
  • Alternatively, pair’s declines under 77.50 can avail 77.00 as an intermediate halt prior to slipping through 76.00.

AUD/JPY 4-hour chart

  • The H4 chart clearly portrays the pair’s recent bounce off the 77.50 targeting 78.77 with 79.15 and the 79.85 being following resistances to watch.
  • Also, the 76.60 may act as buffer during the pair’s slide under 77.00 towards 76.00.

AUD/JPY Hourly chart

  • In addition to its U-turn from 77.50, pair’s break of immediate trend-line resistance on hourly chart also favors the AUD/JPY’s upside to 78.77. However, 78.50 may offer a stop during the advances.
  • On the downside, 77.70 and the 77.50 can keep limiting the pair’s downturn.

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 flirts with 1.1100 as the dollar loses steam

The EUR/USD pair bounced from a daily low of 1.1065, as demand for the greenback receded during US trading hours. Upside caped for the shared currency amid fears of a German recession, Italian political turmoil.


GBP/USD pressures recent highs amid renewed Brexit hopes

Comments from German Chancellor Merkel gave the Pound a lift, as somehow she hinted that the EU would consider an alternative to the Irish backstop.


USD/JPY slides to 106.30 area as US T-bond yields turn south

10-year US Treasury bond yield erases Monday's recovery gains. US Dollar Index preserves strength to limit pair's losses. Risk sentiment is likely to continue to drive pair's action.


Gold retreats from daily highs, continues to trade above $1,500

The XAU/USD pair took advantage of the risk-off flows earlier in the day and erased a large portion of the losses it suffered on Monday. After touching a daily high of $1,508.45, however, the precious metal lost its strength and edged lower toward the $1,500 handle. 

Gold News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Planning the next bullish move after consolidating gains

Trading cryptos is not a one-way street – meteoric unstoppable gains belong to the past. Nevertheless, the bullish sentiment seems to prevail. Digital coins advanced on Monday and are consolidating on Tuesday. 

Read more