AUD/JPY Technical Analysis: Rally from Oct. 26 lows may have resumed

The falling channel breakout seen in the AUD/JPY chart indicates the pullback from the Nov. 8 high of 83.05 has likely ended and the rally from the Oct. 26 low of 78.56 has resumed.
The JPY cross could soon revisit the recent highs above 83.05.
The rally, however, may not materialize, if the European stocks ignore the renewed US-China trade tensions and report losses, courtesy of Italy budget crisis.

Omkar Godbole FXStreet Contributor

Hourly chart

Trend: Bullish

AUD/JPY

Overview:
    Last Price: 82.22
    Daily change: 56 pips
    Daily change: 0.686%
    Daily Open: 81.66
Trends:
    Daily SMA20: 80.65
    Daily SMA50: 80.65
    Daily SMA100: 81.25
    Daily SMA200: 82.07
Levels:
    Daily High: 82.52
    Daily Low: 81.65
    Weekly High: 83.06
    Weekly Low: 81.24
    Monthly High: 82.5
    Monthly Low: 78.56
    Daily Fibonacci 38.2%: 81.99
    Daily Fibonacci 61.8%: 82.19
    Daily Pivot Point S1: 81.37
    Daily Pivot Point S2: 81.07
    Daily Pivot Point S3: 80.49
    Daily Pivot Point R1: 82.24
    Daily Pivot Point R2: 82.82
    Daily Pivot Point R3: 83.11

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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