AUD/JPY prints modest gains in the Asian session. More gains envisioned if price decisively breaks 84.90. Momentum oscillator signals upside momentum. The AUD/JPY price edges higher on Wednesday in the early Asian session. The cross-currency pair continues with the previous two session’s higher momentum. At the time of writing, the AUD/JPY pair trades at 84.89, up 0.01% for the day. AUD/JPY 4-hour chart On the 4-hour chart, the AUD/JPY price has been consolidating near the 23.6% Fibonacci retracement at 84.97. The price extended the rally from the lows of 84.24, the Fibonacci retracement, and is broadly moving in between the 84.70-84.90 trading band. If price makes a sustained move beyond the session’s high at 84.91, then it could extend gain toward the 85.00 horizontal support level followed by the May 28 high in the vicinity of the 85.20 area. The Relative Strength Index (RSI) indicator reads just above 50, which signifies underlying bullish momentum. The next area of resistance could be located at the 85.40 horizontal resistance level. Alternatively, the downward momentum could be prominent if price slips below the 38.2% Fibonacci retracement at 84.81. In doing so, AUD/JPY bears would first target the 61.8% Fibonacci retracement at 84.60. Market participants would further be encouraged to take up the path toward the 84.40 horizontal support level followed by the low of May 25 near the 84.25 area. AUD/JPY Additional Levels 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 GBP/USD consolidates the heaviest losses in two weeks around 1.4150 FX Street 12 months AUD/JPY prints modest gains in the Asian session. More gains envisioned if price decisively breaks 84.90. Momentum oscillator signals upside momentum. The AUD/JPY price edges higher on Wednesday in the early Asian session. The cross-currency pair continues with the previous two session's higher momentum. At the time of writing, the AUD/JPY pair trades at 84.89, up 0.01% for the day. AUD/JPY 4-hour chart On the 4-hour chart, the AUD/JPY price has been consolidating near the 23.6% Fibonacci retracement at 84.97. The price extended the rally from the lows of 84.24, the Fibonacci retracement, and is broadly moving in between the… 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.