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AUD/JPY Technical Analysis: 23.6% Fibonacci retracement, ascending support-line offer 79.30-78.90 trading range

  • AUD/JPY took a U-turn from two-week-old ascending trendline as it trades near 79.10 during early Monday.
  • 23.6% Fibonacci retracement of February 08 to 21 upside, at 79.30 acts as immediate resistance for the pair, a break of which can propel it to a descending resistance-line stretched since February 21 around 79.45.
  • Assuming buyers’ ability to conquer 79.45, 79.60, 79.85 and 80.00 could flash in their radar.
  • Meanwhile, a downside break of 78.90 support-line figure might drag the quote to 78.50, 78.30 and 78.00 consecutive supports.
  • Additional downside under 78.00 can avail 77.70 and 77.40 as rest points.

AUD/JPY 4-Hour chart


    Today Last Price: 79.05
    Today Daily change: 0.08 pips
    Today Daily change %: 0.10%
    Today Daily Open: 78.97
    Daily SMA20: 78.97
    Daily SMA50: 78.62
    Daily SMA100: 79.7
    Daily SMA200: 80.53
    Previous Daily High: 79.25
    Previous Daily Low: 78.85
    Previous Weekly High: 79.25
    Previous Weekly Low: 77.91
    Previous Monthly High: 79.85
    Previous Monthly Low: 77.44
    Daily Fibonacci 38.2%: 79.1
    Daily Fibonacci 61.8%: 79
    Daily Pivot Point S1: 78.8
    Daily Pivot Point S2: 78.62
    Daily Pivot Point S3: 78.4
    Daily Pivot Point R1: 79.2
    Daily Pivot Point R2: 79.42
    Daily Pivot Point R3: 79.6


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