AUD/JPY breaks the monthly support trend line, still trades above 100-bar SMA. February 09 low could lure sellers during the sustained downside. An eight-day-old falling trend line restricts immediate upside. AUD/JPY drops to 73.75 amid the initial Asian session on Tuesday. The pair recently slipped below an ascending trend line stretched from February 02. Even so, sellers await a clear break under 100-bar SMA to confirm the pair’s weakness. In doing so, 50% Fibonacci retracement of the early-month upside, around 73.40, can act as an intermediate halt to the quote’s drop towards February 09 low nearing 73.00. If bears refrain to respect 73.00 mark, 72.80 and the monthly bottom surrounding 72.40 will return to the charts. Alternatively, 23.6% Fibonacci retracement near 73.93 acts as an immediate upside barrier ahead of the short-term falling trend line, at 74.20 now. If AUD/JPY prices manage to stay strong beyond 74.20, 74.40 becomes the key as it comprises the monthly top and 100-day SMA on the daily chart. AUD/JPY four-hour chart Trend: Sideways 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next TRON Price Analysis: TRX/USD found support ahead of psychological 0.0200 level FX Street 2 years AUD/JPY breaks the monthly support trend line, still trades above 100-bar SMA. February 09 low could lure sellers during the sustained downside. An eight-day-old falling trend line restricts immediate upside. AUD/JPY drops to 73.75 amid the initial Asian session on Tuesday. The pair recently slipped below an ascending trend line stretched from February 02. Even so, sellers await a clear break under 100-bar SMA to confirm the pair’s weakness. In doing so, 50% Fibonacci retracement of the early-month upside, around 73.40, can act as an intermediate halt to the quote’s drop towards February 09 low nearing 73.00. If bears refrain… Top 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.
