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AUD/JPY Technical Analysis: heading for 79.00 as AUD takes a beating

  • The past twenty-four hours have left the Aussie trading firmly into the downside against the Japanese Yen, pushing towards the 79.00 technical level and a fresh low for 2018.

AUD/JPY, M5

  • The past week is likewise  bearish for the exhausted Aussie, with the AUD’s attempted bullish recovery yesterday fizzling out quickly and taking the pair back to the bottom end of the bearish range.

AUD/JPY, M30

  • The past month sees the AUD/JPY off of its hinges, declining from the last four weeks’ peak of 80.48, and the downside looks set to continue as the Aussie-Yen pairing broke out of a bearish channel in mid-October only to begin trade towards the downside once more .

AUD/JPY, H4

AUD/JPY

Overview:
       Last Price:  79.18
       Daily change:  -50  pips
       Daily change:  -0.628%
       Daily Open:  79.68
Trends:
       Daily SMA20:  80.52
       Daily SMA50:  80.63
       Daily SMA100:  81.48
       Daily SMA200:  82.57
Levels:
       Daily High:  79.94
       Daily Low:  79.04
       Weekly High:  80.5
       Weekly Low:  79.48
       Monthly High:  82.52
       Monthly Low:  78.69
       Daily Fibonacci 38.2%:  79.38
       Daily Fibonacci 61.8%:  79.6
       Daily Pivot Point S1:  79.17
       Daily Pivot Point S2:  78.66
       Daily Pivot Point S3:  78.28
       Daily Pivot Point R1:  80.06
       Daily Pivot Point R2:  80.44
       Daily Pivot Point R3:  80.95

 

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