AUD/JPY Technical Analysis: 80.35/40 resistance questions buyers ahead of China data

Anil Panchal FXStreet

AUD/JPY is on the bids around 80.30 during the early Asian session on Wednesday. The pair aims to confront a downward sloping trend-line stretched since April 12 ahead of China releases its headline data concerning GDP, industrial production and retail sales.

Nearly a week-long resistance-line at 80.35/40 acts as immediate resistance for the pair to clear in order to challenge current month highs near 80.50, followed by 61.8% Fibonacci expansion (FE) level of April 10 to 16 moves, at 80.70.

Given the pair’s ability to rise beyond 80.70, 81.50 and mid-December 2018 top near 82.20 can please the Bulls.

Meanwhile, 80.00 and an ascending support-line from April 10, at 79.90, seem nearby supports to watch, a break of which can fetch prices to another trend-line support, at 79.50.

Moreover, increased downside pressure past-79.50 can push bears to target 79.00, 78.70 and 78.50 during further declines.

AUD/JPY hourly chart

Trend: Bullish

Additional important levels

Overview
Today last price	80.34
Today Daily Change	-2 pips
Today Daily Change %	-0.02
Today daily open	80.36

Trends
Daily SMA20	79.13
Daily SMA50	78.93
Daily SMA100	79.13
Daily SMA200	80.21

Levels
Previous Daily High	80.4
Previous Daily Low	79.89
Previous Weekly High	80.49
Previous Weekly Low	78.95
Previous Monthly High	79.66
Previous Monthly Low	77.54
Daily Fibonacci 38.2%	80.08
Daily Fibonacci 61.8%	80.21
Daily Pivot Point S1	80.03
Daily Pivot Point S2	79.71
Daily Pivot Point S3	79.52
Daily Pivot Point R1	80.54
Daily Pivot Point R2	80.73
Daily Pivot Point R3	81.05

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.

EUR/USD gains traction to near 1.1800 as tariff uncertainty weighs on US Dollar

The EUR/USD pair holds positive ground around 1.1795 during the early Asian session on Tuesday. The US Dollar weakens against the Euro amid US tariff uncertainty. The release of the US January Producer Price Index report will be in the spotlight later on Friday.

GBP/USD treads water near 1.3500 as BoE-Fed divergence debate stalls

GBP/USD spent Monday spinning in place as market participants await a fresh catalyst to break the pair out of its recent range. The BoE's February hold came with a surprisingly dovish 5-4 split, and UK Consumer Price Index data last week showed inflation easing to 3.0%, reinforcing the case for earlier rate cuts, with most economists now looking to April or March for the next move.

Gold down but not out as key $5,140 support holds

Gold consolidates the advance to monthly top of $5,250 in Tuesday’s Asian trades. The US Dollar finds demand as liquidity returns and risk sentiment recovers, despite US tariffs uncertainty. Gold defends 61.8% Fibo resistance at $5,142 amid the pullback, daily RSI remains bullish.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Altcoins, including Bitcoin Cash, Hyperliquid, and Pump.fun, are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.