AUD/JPY fizzles upside momentum from three-week low of 76.10 marked on Thursday. Buyers may wait for the channel’s break before cheering the bullish MACD. Late-August low can act as additional downside support. AUD/JPY fades recovery moves from the multi-day low around 76.60 during the early Friday morning in Asia. Even so, the pair confronts 50-hour EMA amid bullish MACD and hence buyers remain hopeful. As a result, a clear break of 76.64 immediate EMA resistance needs to be backed by the sustained rise beyond a three-day-old descending trend channel’s upper line, at 76.70 now, to convince buyers. Following that, bulls can attack 77.00 while the 61.8% Fibonacci retracement of AUD/JPY fall from September 10 to 17, near 77.11, followed by the September 15 top of 77.50, may gain market attention afterward. Alternatively, 76.30 and the recent low near 76.10 can probe the pair’s further selling ahead of highlighting the aforementioned channel’s support line, currently around 75.90. If at all the sellers dominate past-75.90, August 20 bottom surrounding 75.60 and the previous month’s low of 75.10 should return to the charts. AUD/JPY hourly chart Trend: Further recovery 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 NZ Fin Min Robertson: RBNZ committed to 0.25% OCR until March FX Street 2 years AUD/JPY fizzles upside momentum from three-week low of 76.10 marked on Thursday. Buyers may wait for the channel’s break before cheering the bullish MACD. Late-August low can act as additional downside support. AUD/JPY fades recovery moves from the multi-day low around 76.60 during the early Friday morning in Asia. Even so, the pair confronts 50-hour EMA amid bullish MACD and hence buyers remain hopeful. As a result, a clear break of 76.64 immediate EMA resistance needs to be backed by the sustained rise beyond a three-day-old descending trend channel’s upper line, at 76.70 now, to convince buyers. Following that, bulls… 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.