AUD/JPY drops to the lowest since October 10, 2019. Bearish MACD supports the break of 61.8% Fibonacci retracement, 71.75/85 area in the spotlight. 100-day SMA joins the key Fibonacci retracements to challenge the buyers. AUD/JPY trades near the lowest in more than a 16-week period while flashing 72.46 as the quote during the early Asian session on Monday. The pair recently broke 61.8% Fibonacci retracement of its run-up from August to December 2019 while bearish MACD signals also favor the pair’s further declines. In doing so, an area including October 2019 low and highs marked during late-August, around 71.75/85 grab the bears’ attention. During the pair’s further downside past-71.75, 71.00 and the year 2019 bottom close to 70.30 will be in the spotlight. Alternatively, 61.8% and 50.00% Fibonacci retracements near 72.70 and 73.45 can limit the pair’s short-term recovery ahead of the 100-day SMA level of 74.30. If at all prices manage to rise beyond 74.30, buyers targeting 75.00 should return to trading. AUD/JPY daily chart Trend: Bearish 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 Coronavirus Update: 9 cases in US, Shubei province reports 56 new coronavirus deaths FX Street 2 years AUD/JPY drops to the lowest since October 10, 2019. Bearish MACD supports the break of 61.8% Fibonacci retracement, 71.75/85 area in the spotlight. 100-day SMA joins the key Fibonacci retracements to challenge the buyers. AUD/JPY trades near the lowest in more than a 16-week period while flashing 72.46 as the quote during the early Asian session on Monday. The pair recently broke 61.8% Fibonacci retracement of its run-up from August to December 2019 while bearish MACD signals also favor the pair’s further declines. In doing so, an area including October 2019 low and highs marked during late-August, around 71.75/85 grab… 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.
