AUD/JPY drops 0.30% after refreshing 11-week top the previous day. Monthly horizontal support can probe short-term sellers. March high will lure the bulls during further upside. While taking a U-turn from multi-day-old resistance line AUD/JPY drops to 70.64, down 0.42% on a day, during the early Thursday. Considering the nearly overbought RSI conditions, coupled with the past pullbacks from the key resistance line, the pair is likely to visit monthly horizontal support around 70.20/15 during the further fall. However, an upward sloping trend line from April 02, at 69.00, followed by a 200-bar SMA level of 68.83, will challenge the bears afterward. Meanwhile, the pair’s sustained trading above the said resistance line, at 71.06 now, can aim for March month high of 71.52. 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 US Pres. Trump: China is on a massive disinformation campaign, it’s a disgrace! FX Street 2 years AUD/JPY drops 0.30% after refreshing 11-week top the previous day. Monthly horizontal support can probe short-term sellers. March high will lure the bulls during further upside. While taking a U-turn from multi-day-old resistance line AUD/JPY drops to 70.64, down 0.42% on a day, during the early Thursday. Considering the nearly overbought RSI conditions, coupled with the past pullbacks from the key resistance line, the pair is likely to visit monthly horizontal support around 70.20/15 during the further fall. However, an upward sloping trend line from April 02, at 69.00, followed by a 200-bar SMA level of 68.83, will challenge 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.
