AUD/JPY Technical Analysis: Below 200-bar SMA inside short-term rising channel


  • AUD/JPY drops from three weeks’ high.
  • An eight-day-old rising trend channel keeps buyers hopeful.
  • 50% Fibonacci retracement, channel’s upper line adds to the resistance beyond 200-bar SMA.

AUD/JPY takes a U-turn from immediate rising channel and declines below 200-bar Simple Moving Average (SMA) as the quote flashes 74.30 mark during the early Asian session on Tuesday.

Prices are likely extending the pullback towards the eight-day-old channel’s support, at 74.00, a break of which could please sellers with November 21 low near 73.50 and mid-November bottom close to 73.35.

Meanwhile, pair’s run-up beyond 200-bar SMA, at 74.37 now, will confront 50% Fibonacci retracement level of November month fall, at 74.52, followed by the channel’s resistance line, at 74.55.

Given the bull’s dominance beyond 74.55, highs marked during November 10 and 12 around 74.95/75.00 will be in focus.

AUD/JPY 4-hour chart

Trend: Pullback expected

additional important levels

Overview
Today last price 74.31
Today Daily Change 0.27
Today Daily Change % 0.36%
Today daily open 74.04
 
Trends
Daily SMA20 74.32
Daily SMA50 73.79
Daily SMA100 73.52
Daily SMA200 75.42
 
Levels
Previous Daily High 74.28
Previous Daily Low 73.92
Previous Weekly High 74.3
Previous Weekly Low 73.7
Previous Monthly High 75.68
Previous Monthly Low 73.35
Daily Fibonacci 38.2% 74.06
Daily Fibonacci 61.8% 74.14
Daily Pivot Point S1 73.88
Daily Pivot Point S2 73.72
Daily Pivot Point S3 73.52
Daily Pivot Point R1 74.24
Daily Pivot Point R2 74.44
Daily Pivot Point R3 74.6

 

 

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 retreats after strong NFP, weak German data

EUR/USD is trading below   1.11 after US Non-Farm Payrolls beat expectations with 266K and mixed wage growth. Earlier, weak German data weighed on the euro. Updates on trade are awaited.

EUR/USD News

GBP/USD shrugs off strong NFP, focuses on UK elections

GBP/USD is trading below 1.3150 but off the post-NFP lows. The US gained more jobs than expected. The Conservatives remain in the lead ahead of the debate between PM Johnson and Labour leader Corbyn.

GBP/USD News

US recession? Not so fast, a calm look at the economy and currencies ahead of the NFP

Recent US economic indicators have been downbeat, but they include silver linings and are backed by robust consumption. Valeria Bednarik, Joseph Trevisani, and Yohay Elam...

Read more

Gold drops to fresh multi-day lows on upbeat NFP report

Gold faded an intraday bullish spike to the $1480 area and tumbled to fresh multi-day lows, around the $1465 region in reaction to upbeat US monthly jobs report.

Gold News

USD/JPY: bearish ahead of US employment figures

Japanese data missed the market’s expectations, triggering fresh concerns about the economy. Focus on US employment figures, market players anticipate dismal numbers. USD/JPY is technically bearish could break below the 108.00 level.

USD/JPY News

Forex MAJORS

Cryptocurrencies

Signatures