AUD/JPY recently bounces off 100-day EMA. RSI returning to normal conditions signal pullback from the key supports. 200-day EMA acts as the strong upside resistance. With the RSI returning to normal conditions, AUD/JPY bounces off 100-day EMA while trading around 74.40 during the initial Thursday morning in Asia. The prices have been on the downward trajectory since the last four-day. The beginning was initially triggered by overbought conditions of 14-day Relative Strength Index (RSI) and 200-day Exponential Moving Average (EMA). While buyers can take aim at 75.00 and 75.30, considering the recent U-turn and RSI levels, further upside will be capped by a 200-day EMA level of 75.50. On the downside, pair’s declines below 100-day EMA level of 74.20 needs to slip below 61.8% Fibonacci retracement level of July-August declines, at 73.87, to target an upward sloping trend line since August 26, at 73.25 now. In a case where prices decline below 73.25, the return of sub-72.00 area can’t be denied. 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 Tories offer Nigel Farage eleventh-hour deal – The Telegraph FX Street 3 years AUD/JPY recently bounces off 100-day EMA. RSI returning to normal conditions signal pullback from the key supports. 200-day EMA acts as the strong upside resistance. With the RSI returning to normal conditions, AUD/JPY bounces off 100-day EMA while trading around 74.40 during the initial Thursday morning in Asia. The prices have been on the downward trajectory since the last four-day. The beginning was initially triggered by overbought conditions of 14-day Relative Strength Index (RSI) and 200-day Exponential Moving Average (EMA). While buyers can take aim at 75.00 and 75.30, considering the recent U-turn and RSI levels, further upside will be… 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.
