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.

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

 

 

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