AUD/JPY remains under pressure below the key resistance (previous support). April 2018 low lures the bears, bulls need to stay strong beyond January’s bottom. Bearish MACD signals further declines, a 15-month-old support line gains immediate attention. AUD/JPY remains on the back foot around 70.59 by the press time of Wednesday’s Asian session. In doing so, the pair remains below the longer-term trend line stretched from June 2012. Not only it’s sustained trading below the key resistance, but bearish MACD also signals the pair’s weakness. As a result, sellers can take aim at 70.00 round-figure and a downward sloping trend line since January 2019, at 69.15 now, during the pair’s further downside. Alternatively, a sustained break of the support-turned-resistance, at 70.93 now, can trigger fresh recovery moves to October 2019 bottom close to 71.75. However, buyers should remain cautious until the quote closes beyond January month low of 72.44. AUD/JPY monthly 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 IAEA: Iran tripled enriched uranium stockpile in 3 months – FT FX Street 2 years AUD/JPY remains under pressure below the key resistance (previous support). April 2018 low lures the bears, bulls need to stay strong beyond January's bottom. Bearish MACD signals further declines, a 15-month-old support line gains immediate attention. AUD/JPY remains on the back foot around 70.59 by the press time of Wednesday’s Asian session. In doing so, the pair remains below the longer-term trend line stretched from June 2012. Not only it's sustained trading below the key resistance, but bearish MACD also signals the pair’s weakness. As a result, sellers can take aim at 70.00 round-figure and a downward sloping trend line… 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.
