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AUD/JPY Technical Analysis: teasing bull breakout as tensions thaw

  • Improved risk appetite due to increased odds of US-China trade deal continues to bode well for the Aussie dollar.
  • At press time, the AUD/JPY is probing the upper edge of the falling channel on the hourly chart. A breakout, if confirmed, would signal a continuation of the recovery rally from the Dec. 9 low of 80.72 and could yield a rally to 82.11 (200-hour moving average).
  • The 50-hour MA is holding above the 100-hour MA, meaning the path of least resistance is to the higher side.
  • The bullish case would weaken if the pair finds acceptance below the support at 81.62.

Hourly Chart  


Trend: Bullish


    Today Last Price: 81.82
    Today Daily change: 12 pips
    Today Daily change %: 0.147%
    Today Daily Open: 81.7
    Previous Daily SMA20: 82.2
    Previous Daily SMA50: 81.23
    Previous Daily SMA100: 81.21
    Previous Daily SMA200: 81.87
    Previous Daily High: 82.07
    Previous Daily Low: 81.52
    Previous Weekly High: 84.05
    Previous Weekly Low: 80.93
    Previous Monthly High: 83.22
    Previous Monthly Low: 79.84
    Previous Daily Fibonacci 38.2%: 81.86
    Previous Daily Fibonacci 61.8%: 81.73
    Previous Daily Pivot Point S1: 81.45
    Previous Daily Pivot Point S2: 81.21
    Previous Daily Pivot Point S3: 80.9
    Previous Daily Pivot Point R1: 82.01
    Previous Daily Pivot Point R2: 82.32
    Previous Daily Pivot Point R3: 82.56


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