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AUD/JPY Technical Analysis: Buyers keep lurking around 79.00, immediate ascending trend-channel in focus

  • AUD/JPY flirts with 79.00 during early Tuesday.
  • Having reversed from 79.35-40 horizontal-resistance during Monday, the quote dropped to test support-line of an ascending trend-channel formation established since March 08.
  • The formation support near 79.00 round-figure becomes an immediate important support for the sellers to watch as a break of which can drag the quote down to 50% Fibonacci retracement level of 78.70 whereas 78.40/35 and 78.15 likely entertaining bears afterward.
  • During pair’s additional weakness under 78.15, 77.90 and 77.70 could regain market attention.
  • On the contrary, 79.20 may limit nearby upside prior to shifting the focus back on 79.35/40 area comprising highs marked during recent two weeks.
  • Given the pair’s ability to cross 79.40, current month high around 79.65, followed by channel-resistance of 79.80 and 80.00 mark could please buyers.

AUD/JPY hourly chart

Additional important levels:

    Today Last Price: 79.09
    Today Daily change: 12 pips
    Today Daily change %: 0.15%
    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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