AUD/JPY stays pressured near the seven-week low, extends bearish move established since September 14. 100-day EMA can offer immediate support during further declines. 23.6% Fibonacci retracement and July low may restrict further downside. Preliminary readings of September month Aussie CBA PMIs, Retail Sales are in the spotlight. AUD/JPY drops to 75.20 during the early Wednesday morning in Asia. The quote has been declining for the last seven consecutive days and is pushing MACD histogram towards flashing the most bearish signals since late-June. However, nearness to the 100-day EM and cautious sentiment ahead of the Commonwealth Bank’s (CBA) PMI figures and Preliminary Retail Sales for September month restrict the pair’s further moves. Although forecasts favor further weakness in the key economics, which in turn may extend AUD/JPY south-run, the recent recovery in the coronavirus (COVID-19) conditions in Victoria may help Retail Sales to offer a surprise. In that case, the pair’s bounce can aim for August month’s low around 75.60 ahead of challenging 50-day EMA near 76.00. On the contrary, downbeat outcomes from the scheduled data may break the 75.00 threshold to challenge the 100-day EMA level of 74.87. During the worst-case scenario, AUD/JPY bears might not hesitate to challenge the 23.6% Fibonacci retracement of its March-August upside and July month’s low surrounding 74.10 and 73.90. AUD/JPY daily chart Trend: Bearish 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 Tailwind to equities next week – JP Morgan FX Street 2 years AUD/JPY stays pressured near the seven-week low, extends bearish move established since September 14. 100-day EMA can offer immediate support during further declines. 23.6% Fibonacci retracement and July low may restrict further downside. Preliminary readings of September month Aussie CBA PMIs, Retail Sales are in the spotlight. AUD/JPY drops to 75.20 during the early Wednesday morning in Asia. The quote has been declining for the last seven consecutive days and is pushing MACD histogram towards flashing the most bearish signals since late-June. However, nearness to the 100-day EM and cautious sentiment ahead of the Commonwealth Bank’s (CBA) PMI figures and… 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.