AUD/JPY consolidates heaviest losses marked since mid-November to regain 79.00. Failures to reach 80.00, amid overbought RSI, favored sellers. Ascending trend lines from November, 21-day SMA offer immediate key support. AUD/JPY keeps bounce off 78.85, currently around 79.08, during the early Tuesday morning in Asia. The quote marked heavy losses the previous day amid a broad risk-off mood. Read: AUD/USD: Risk off triggers pullback to sub-0.7700 area, covid woes in focus While previously overbought RSI conditions and failures to meet the 80.00 threshold lured AUD/JPY sellers amid fresh risk aversion, bears have recently been cautious as key supports remain untouched. That said, an upward sloping trend line from November 02, at 78.84 now, offers immediate support to the quote before highlighting another support line, from November 20, that joins 21-day SMA around 78.60 to restrict AUD/JPY declines. In a case where the quote drops past-78.60, an area comprising the early November tops and 50-day SMA close to 77.10/05 will be the key to watch. Alternatively, the corrective pullback may again aim for the 80.00 round-figure but AUD/JPY buyers will remain cautious ahead of that. It should also be noted that sustained trading beyond 80.00, enables the pair to probe April 2019 top surrounding 80.75. AUD/JPY daily chart Trend: Corrective 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 Wall Street Close: Stocks close lower on worries over Georgia elections and covid lockdown FX Street 1 year AUD/JPY consolidates heaviest losses marked since mid-November to regain 79.00. Failures to reach 80.00, amid overbought RSI, favored sellers. Ascending trend lines from November, 21-day SMA offer immediate key support. AUD/JPY keeps bounce off 78.85, currently around 79.08, during the early Tuesday morning in Asia. The quote marked heavy losses the previous day amid a broad risk-off mood. Read: AUD/USD: Risk off triggers pullback to sub-0.7700 area, covid woes in focus While previously overbought RSI conditions and failures to meet the 80.00 threshold lured AUD/JPY sellers amid fresh risk aversion, bears have recently been cautious as key supports remain untouched. That… 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.