- AUD/JPY awaits fresh push to extend latest corrective pullback from 81.76.
- Downside break of one-week-old rising support line, bearish MACD favor sellers.
- Weekly resistance line adds to the upside barriers, monthly rising trend line challenges further declines.
Following its failures to extend the immediate support break below 81.76, AUD/JPY recovered to 81.10 before currently easing to 82.00 during the initial Asian session on Thursday.
In doing so, the quote justifies the latest trend line breakdown but awaits the key Australian employment data for fresh impulse.
Not only the trend line break but a downward sloping resistance line from Tuesday joins the bearish MACD signals to favor the AUD/JPY sellers targeting an ascending support line from February 02, currently around 81.50.
Also acting as the key downside filters are the February 08 high and the previous week’s low, respectively around 81.20 and 80.70.
Meanwhile, the support-turned-resistance line precedes the two-day-old hurdle, near 82.20 and 82.25 in that order, to challenge the AUD/JPY recovery moves.
Additionally, the latest top around 82.45, also the highest since December 2018, offers an extra lock to break before chasing the November 2018 high of 83.05.
AUD/JPY four-hour chart
Trend: Pullback expected
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