AUD/JPY Technical Analysis: bullish bias intact despite a below-forecast China retail sales reading

The AUD/JPY is struggling to beat the 100-day simple moving average (SMA) hurdle, possibly due to a weaker-than-expected China retail sales reading.
The path of least resistance, however, is still on the higher side as the pair has charted higher lows in the last 24 hours, having witnessed a falling channel breakout on Monday.
The bullish view would be invalidated if the JPY cross violates the lower highs setup with a move below 81.88 (Nov. 13 low on the hourly chart).

Omkar Godbole FXStreet Contributor

Hourly Chart

Trend: Bullish

AUD/JPY

Overview:
    Last Price: 82.33
    Daily change: 17 pips
    Daily change: 0.207%
    Daily Open: 82.16
Trends:
    Daily SMA20: 80.75
    Daily SMA50: 80.69
    Daily SMA100: 81.26
    Daily SMA200: 82.05
Levels:
    Daily High: 82.38
    Daily Low: 81.39
    Weekly High: 83.06
    Weekly Low: 81.24
    Monthly High: 82.5
    Monthly Low: 78.56
    Daily Fibonacci 38.2%: 82
    Daily Fibonacci 61.8%: 81.77
    Daily Pivot Point S1: 81.57
    Daily Pivot Point S2: 80.98
    Daily Pivot Point S3: 80.57
    Daily Pivot Point R1: 82.57
    Daily Pivot Point R2: 82.97
    Daily Pivot Point R3: 83.56

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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