AUD/JPY technical analysis: September high restricts further upside

AUD/JPY stands above 100-day EMA for the first time in nearly six months.
Prices test highest in a month, below September top.

Anil Panchal FXStreet

Despite successfully clearing 100-day Exponential Moving Average (EMA) for the first since late-April, AUD/JPY still trades below September month high while flashing 74.20 as a quote on early Asian morning session on Friday.

Unless providing a daily closing beyond 74.50, the pair is less likely to extend the latest recovery towards 50% Fibonacci retracement of April–August declines, around 75.35/40.

However, pair’s further rise will be challenged by a 200-day EMA level of 75.66, failure to do so can push bulls towards 76.20 and 61.8% Fibonacci retracement level, at 76.70.

Meanwhile, pair’s declines below 100-day EMA level of 73.97 can pull it back to 73.00 whereas 23.6% Fibonacci retracement near 72.50 and monthly bottom close to 71.70 will appear on sellers’ watch-list afterward.

AUD/JPY daily chart

Trend: sideways

Additional important levels

Overview
Today last price	74.16
Today Daily Change	66 pips
Today Daily Change %	0.90%
Today daily open	73.5

Trends
Daily SMA20	72.77
Daily SMA50	72.59
Daily SMA100	73.81
Daily SMA200	76.09

Levels
Previous Daily High	73.57
Previous Daily Low	73.05
Previous Weekly High	73.96
Previous Weekly Low	71.84
Previous Monthly High	74.5
Previous Monthly Low	71.1
Daily Fibonacci 38.2%	73.25
Daily Fibonacci 61.8%	73.37
Daily Pivot Point S1	73.18
Daily Pivot Point S2	72.85
Daily Pivot Point S3	72.66
Daily Pivot Point R1	73.7
Daily Pivot Point R2	73.89
Daily Pivot Point R3	74.22

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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