AUD/JPY recedes from the three-day-old resistance line while defying the previous two-day losing streak. 200-hour EMA, monthly support line keeps the buyers hopeful. Sellers may target the early-month top as immediate support. AUD/JPY marks another failure to cross a downward sloping trend line since Wednesday while declining to 76.56 during the early Monday. Even so, the Aussie cross gains 0.20% on a day, which in turn snaps the previous two-day losing streak. Given the pair’s latest pullback takes clues from overbought RSI and a short-term resistance line, sellers may aim for the early-August top near 76.40/45 as immediate support ahead of an ascending trend line from July 30 at 76.20. Also acting as the key support is a 200-hour EMA level of 76.15. In a case where the bears dominate past-76.15, 76.00 might not able to restrict the pair’s downside as 75.70 has multiple bounces to challenge the further weakness. Alternatively, a clear break of the said resistance line, currently near 76.70, will attack 77.00. However, highs marked in June and July will be the key barriers near 76.75 and 76.90. AUD/JPY hourly 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 Ethereum Classic Price Analysis: ETC/USD sustains uptrend within ascending trendline FX Street 2 years AUD/JPY recedes from the three-day-old resistance line while defying the previous two-day losing streak. 200-hour EMA, monthly support line keeps the buyers hopeful. Sellers may target the early-month top as immediate support. AUD/JPY marks another failure to cross a downward sloping trend line since Wednesday while declining to 76.56 during the early Monday. Even so, the Aussie cross gains 0.20% on a day, which in turn snaps the previous two-day losing streak. Given the pair’s latest pullback takes clues from overbought RSI and a short-term resistance line, sellers may aim for the early-August top near 76.40/45 as immediate support ahead… 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.
