AUD/JPY eases from 100-SMA, fades last week’s recovery from 50% Fibonacci retracement. Bullish MACD signals keep buyers hopeful above the key Fibonacci retracement. One-month-old falling trend line adds to the upside barriers. AUD/JPY fizzles recovery moves from Wednesday while witnessing a pullback to 83.75 amid Monday’s Asian session. In doing so, the quote steps back from 100-SMA despite keeping the last week’s bounce off 50% Fibonacci retracement level of January 28 to March 18 upside. Although bullish MACD adds to the price-positive catalyst for AUD/JPY, the quote’s latest failure to cross the key SMA can drag it back for a while. As a result, 38.2% and 50% Fibonacci retracement levels, respectively around 83.00 and 82.30, can entertain short-term traders. However, any further downside past-82.30 will be detrimental for the bullish sentiment and can eye the early February tops near 81.40-35 while taking stops near the 82.00 and 61.8% Fibonacci retracement level close to 81.60. Meanwhile, an upside clearance of 83.90 immediate SMA hurdle isn’t a sure call to the AUD/JPY bulls as a downward sloping trend line from February 25, near 84.60, holds the key to the quote’s run-up targeting the monthly top of 85.45. AUD/JPY four-hour chart Trend: Pullback expected  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia’s Queensland state premier said that they will go to a three-day covid-19 lockdown in Brisbane FX Street 1 year AUD/JPY eases from 100-SMA, fades last week's recovery from 50% Fibonacci retracement. Bullish MACD signals keep buyers hopeful above the key Fibonacci retracement. One-month-old falling trend line adds to the upside barriers. AUD/JPY fizzles recovery moves from Wednesday while witnessing a pullback to 83.75 amid Monday's Asian session. In doing so, the quote steps back from 100-SMA despite keeping the last week's bounce off 50% Fibonacci retracement level of January 28 to March 18 upside. Although bullish MACD adds to the price-positive catalyst for AUD/JPY, the quote's latest failure to cross the key SMA can drag it back for a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.