AUD/JPY extends Friday’s pullback from 74.93, rises for fifth day in last six. A falling trend line from August 31 adds to the upside barriers. September 25 top can lure bears low the fresh monthly bottom. AUD/JPY remains bid near 75.85, up 0.56% intraday, during early Monday. In doing so, the quote defies Friday’s halt to a four-day winning streak while taking a U-turn from 74.93. Even so, the quote needs to successfully break a 200-bar EMA level of 75.91 to regain the $76.00 threshold. Also acting as the key upside barrier is the confluence of a five-week-old falling trend line and 50% Fibonacci retracement of August 31 to September 24 downside, currently around 76.25. On the contrary, pair’s declines below 74.93 will recall the bears targeting September 25 tops near 74.60 ahead of challenging the September month’s low of 73.97. During the quote’s further weakness below 73.97, the 73.00 round-figure and the June 22 bottom close to 72.75 can lure the AUD/JPY bears. 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 UK’s Sunak warns of economic and social impact of lockdowns – The Sun FX Street 2 years AUD/JPY extends Friday’s pullback from 74.93, rises for fifth day in last six. A falling trend line from August 31 adds to the upside barriers. September 25 top can lure bears low the fresh monthly bottom. AUD/JPY remains bid near 75.85, up 0.56% intraday, during early Monday. In doing so, the quote defies Friday’s halt to a four-day winning streak while taking a U-turn from 74.93. Even so, the quote needs to successfully break a 200-bar EMA level of 75.91 to regain the $76.00 threshold. Also acting as the key upside barrier is the confluence of a five-week-old falling trend… 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.
