AUD/JPY bulls catch a breather around multi-month high. Overbought RSI conditions suggest a pullback to August month top. Further upside will eye late-April 2019 peak, yearly resistance line. AUD/JPY seesaws around 19-month high while taking rounds to 78.60, up 0.08% intraday, during early Friday. The pair recently surged to the multi-month high after extending the upside break of the August 2020 peak. However, overbought RSI conditions suggest the quote’s pullback moves to the previous resistance, August top of 78.46, amid a likely consolidation. If the corrective moves decline below 78.46, September’s peak and 10-day SMA, respectively around 77.75 and 77.45, will be the key to watch. Meanwhile, AUD/JPY bulls’ dominance beyond the latest high of 78.65 will target the late April 2019 top near 79.00 whereas an ascending trend line from December 2019, at 79.35 now, can challenge the pair’s further upside. In a case where the buyers dominate past-79.35, the 80.00 psychological magnet will be in the spotlight. AUD/JPY daily 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 S&P 500 Index: Set to surge 25% to 4,600 in 2021 – JP Morgan FX Street 2 years AUD/JPY bulls catch a breather around multi-month high. Overbought RSI conditions suggest a pullback to August month top. Further upside will eye late-April 2019 peak, yearly resistance line. AUD/JPY seesaws around 19-month high while taking rounds to 78.60, up 0.08% intraday, during early Friday. The pair recently surged to the multi-month high after extending the upside break of the August 2020 peak. However, overbought RSI conditions suggest the quote’s pullback moves to the previous resistance, August top of 78.46, amid a likely consolidation. If the corrective moves decline below 78.46, September’s peak and 10-day SMA, respectively around 77.75 and 77.45,… 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.
