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AUD/JPY Technical Analysis: bull grip strengthens on channel breakout

  • The AUD/JPY is currently trading at 82.54, up 0.46 percent, and could rise further to the recent high of 8.05 in a day or two.
  • On the hourly chart, the JPY cross witnessed an upside break of the sideways channel earlier today, reinforcing the bullish view put forward by the falling channel breakout on Nov. 13.
  • The RSI on hourly is biased bullish above 50.00 and the MACD is rising, indicating further gains could be in the offing.

Hourly Chart

Trend: Bullish

AUD/JPY

Overview:
       Last Price:  82.58
       Daily change:  40  pips
       Daily change:  0.487%
       Daily Open:  82.18
Trends:
       Daily SMA20:  80.86
       Daily SMA50:  80.73
       Daily SMA100:  81.27
       Daily SMA200:  82.03
Levels:
       Daily High:  82.48
       Daily Low:  81.79
       Weekly High:  83.06
       Weekly Low:  81.24
       Monthly High:  82.5
       Monthly Low:  78.56
       Daily Fibonacci 38.2%:  82.22
       Daily Fibonacci 61.8%:  82.05
       Daily Pivot Point S1:  81.81
       Daily Pivot Point S2:  81.45
       Daily Pivot Point S3:  81.12
       Daily Pivot Point R1:  82.51
       Daily Pivot Point R2:  82.85
       Daily Pivot Point R3:  83.21

 

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