AUD/JPY stays pressured near one week low after consecutive two-day declines. A confluence of 21-day SMA, support line of the two-month-old rising wedge becomes the tough nut to break for sellers. 50-day SMA adds to the downside filters ahead of 100/200-day SMA joint. AUD/JPY keeps losses flowing near 76.20 after initially declining to 76.11, the lowest in a week, during the early Thursday morning in Asia. The quote dropped for the previous two days but stays well beyond the key support to confirm the bears’ governance. An upward sloping trend line from June 18, comprising part of a short-term rising wedge bearish formation, joins 21-day SMA to challenge the bears around 75.90. While bearish MACD threatens 76.00 threshold, the pair’s further downside could be challenged by strong RSI conditions and a tough a support level. Even if the sellers manage to conquer 75.90 mark, a 50-day SMA level of 75.00 will be validating the quote’s further downside towards a joint of 100 and 200-day SMAs near 72.60. Meanwhile, 76.70 can offer immediate upside barrier for the pair ahead of fueling it to battle the rising wedge’s resistance line near 77.00. AUD/JPY daily 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 Pompep: Will hold Russia and China accountable if try stop santions on Iran FX Street 2 years AUD/JPY stays pressured near one week low after consecutive two-day declines. A confluence of 21-day SMA, support line of the two-month-old rising wedge becomes the tough nut to break for sellers. 50-day SMA adds to the downside filters ahead of 100/200-day SMA joint. AUD/JPY keeps losses flowing near 76.20 after initially declining to 76.11, the lowest in a week, during the early Thursday morning in Asia. The quote dropped for the previous two days but stays well beyond the key support to confirm the bears’ governance. An upward sloping trend line from June 18, comprising part of a short-term rising… 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.
