AUD/JPY Technical Analysis: Bearish RSI divergence on 1H chart

  • The AUD/JPY is currently trading at 82.54 and may drop to support of the ascending 50-hour exponential moving average (EMA), currently at 8.19, as the relative strength index (RSI) on the hourly chart has diverged in favor of the bears.
  • The hourly chart is also showing a bearish divergence of stochastic and a bearish crossover on the MAC.
  • The pullback,  however, could be short-lived as the daily chart is biased toward the bulls: yesterday's bullish close above the 200-day EMA is backed by the ascending 5-, 10-day EMAs.

Hourly Chart

Trend: Pullback likely


    Last Price: 82.56
    Daily change: -4.0 pips
    Daily change: -0.0484%
    Daily Open: 82.6
    Daily SMA20: 80.29
    Daily SMA50: 80.53
    Daily SMA100: 81.23
    Daily SMA200: 82.15
    Daily High: 82.72
    Daily Low: 81.87
    Weekly High: 81.96
    Weekly Low: 79.1
    Monthly High: 82.5
    Monthly Low: 78.56
    Daily Fibonacci 38.2%: 82.39
    Daily Fibonacci 61.8%: 82.19
    Daily Pivot Point S1: 82.08
    Daily Pivot Point S2: 81.55
    Daily Pivot Point S3: 81.24
    Daily Pivot Point R1: 82.92
    Daily Pivot Point R2: 83.24
    Daily Pivot Point R3: 83.76


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