AUD/JPY Technical Analysis: Testing 81.80, looking for a push higher

The past twenty-four hours have seen the AUD/JPY struggle to lift higher from near-term consolidation around the 81.00 to 81.50 zone, although Tuesday's early action sees the pair testing above 81.75.

Joshua Gibson FXStreet

AUD/JPY M15

Looking further out, the Aussie-Yen pairing has seen steady gains from recent lows near 78.50 in late October, and the AUD/JPY has bounced firmly to a new trading range after clearing the 200-hour moving average, which now rests near 80.25.

AUD/JPY H1

Over the past two months, the AUD/JPY has seen stiff consolidation before breaking forcefully above key resistance levels, and although the pair could be posed for a bearish correction, support for a further move higher could come from the 50- and 200-period moving average crossover from 80.60.

AUD/JPY H4

AUD/JPY

Overview:
    Last Price: 81.74
    Daily change: 12 pips
    Daily change: 0.147%
    Daily Open: 81.62
Trends:
    Daily SMA20: 80.02
    Daily SMA50: 80.5
    Daily SMA100: 81.21
    Daily SMA200: 82.2
Levels:
    Daily High: 81.72
    Daily Low: 81.24
    Weekly High: 81.96
    Weekly Low: 79.1
    Monthly High: 82.5
    Monthly Low: 78.56
    Daily Fibonacci 38.2%: 81.54
    Daily Fibonacci 61.8%: 81.43
    Daily Pivot Point S1: 81.34
    Daily Pivot Point S2: 81.05
    Daily Pivot Point S3: 80.86
    Daily Pivot Point R1: 81.82
    Daily Pivot Point R2: 82.01
    Daily Pivot Point R3: 82.3

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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