AUD/JPY Technical Analysis:bulls hoping to retake 81.00

The Aussie has plunged against the safe-haven Yen as risk aversion takes over broader markets.
AUD traders are looking towards Tuesday's China data dump, hoping for a pick-up to start rebuying.
Current market tensions have seen the AUD/JPY dip into a new low for 2018.

Joshua Gibson FXStreet

AUD/JPY Chart, 15-Minute

Spot rate:	80.37
Relative change:	-0.10%
High:	80.55
Low:	80.35

Trend:	Bearish

Support 1:	80.35 (current day low)
Support 2:	79.98 (current week low; major technical bottom)
Support 3:	79.00 (major technical barrier)

Resistance 1:	80.84 (current week high)
Resistance 2:	81.05 (38.2% Fibo retracement level)
Resistance 3:	81.97 (previous week high)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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