- The falling channel breakout seen in the AUD/JPY chart indicates the pullback from the Nov. 8 high of 83.05 has likely ended and the rally from the Oct. 26 low of 78.56 has resumed.
- The JPY cross could soon revisit the recent highs above 83.05.
- The rally, however, may not materialize, if the European stocks ignore the renewed US-China trade tensions and report losses, courtesy of Italy budget crisis.
Hourly chart
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Trend: Bullish
AUD/JPY
Overview:
Last Price: 82.22
Daily change: 56 pips
Daily change: 0.686%
Daily Open: 81.66
Trends:
Daily SMA20: 80.65
Daily SMA50: 80.65
Daily SMA100: 81.25
Daily SMA200: 82.07
Levels:
Daily High: 82.52
Daily Low: 81.65
Weekly High: 83.06
Weekly Low: 81.24
Monthly High: 82.5
Monthly Low: 78.56
Daily Fibonacci 38.2%: 81.99
Daily Fibonacci 61.8%: 82.19
Daily Pivot Point S1: 81.37
Daily Pivot Point S2: 81.07
Daily Pivot Point S3: 80.49
Daily Pivot Point R1: 82.24
Daily Pivot Point R2: 82.82
Daily Pivot Point R3: 83.11
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