Home AUD/JPY Technical Analysis: 23.6% Fibonacci retracement, ascending support-line offer 79.30-78.90 trading range
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AUD/JPY Technical Analysis: 23.6% Fibonacci retracement, ascending support-line offer 79.30-78.90 trading range

  • AUD/JPY took a U-turn from two-week-old ascending trendline as it trades near 79.10 during early Monday.
  • 23.6% Fibonacci retracement of February 08 to 21 upside, at 79.30 acts as immediate resistance for the pair, a break of which can propel it to a descending resistance-line stretched since February 21 around 79.45.
  • Assuming buyers’ ability to conquer 79.45, 79.60, 79.85 and 80.00 could flash in their radar.
  • Meanwhile, a downside break of 78.90 support-line figure might drag the quote to 78.50, 78.30 and 78.00 consecutive supports.
  • Additional downside under 78.00 can avail 77.70 and 77.40 as rest points.

AUD/JPY 4-Hour chart

Additional important levels:

Overview:
       Today Last Price:  79.05
       Today Daily change: 8  pips
       Today Daily change %:  0.10%
       Today Daily Open:  78.97
Trends:
       Daily SMA20:  78.97
       Daily SMA50:  78.62
       Daily SMA100:  79.7
       Daily SMA200:  80.53
Levels:
       Previous Daily High:  79.25
       Previous Daily Low:  78.85
       Previous Weekly High:  79.25
       Previous Weekly Low:  77.91
       Previous Monthly High:  79.85
       Previous Monthly Low:  77.44
       Daily Fibonacci 38.2%:  79.1
       Daily Fibonacci 61.8%:  79
       Daily Pivot Point S1:  78.8
       Daily Pivot Point S2:  78.62
       Daily Pivot Point S3:  78.4
       Daily Pivot Point R1:  79.2
       Daily Pivot Point R2:  79.42
       Daily Pivot Point R3:  79.6

 

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