AUD/JPY is taking the bids around 79.00 on early Thursday. Pair continues to find difficulties in crossing four-week-old descending trend-line, at 79.35 now, ahead of monthly Australian employment data. As a result, 50% Fibonacci retracement of February month rise, at 78.65, becomes important for sellers in case job numbers spread disappointment. Should prices refrain from respecting 78.65 support, 61.8% Fibonacci retracement level near 78.30, followed by 78.10, could lure bears. Assuming the quote’s extended south-run beneath 78.10, 77.70 and 77.40 could come back on the chart. Meanwhile, an upside break of 79.35 can quickly trigger price up-moves to 79.60 ahead of highlighting February month high near 79.85 and then drawing market attention to 80.00. It should also be noted that a price rally beyond 80.00 gives importance to the 200-day simple moving average (SMA) figure of 80.45 as resistance. AUD/JPY 4-Hour chart 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 Gold Technical Analysis: Trendline, Ichimoku cloud, stochastics and Fibo bullish analysis FX Street 4 years AUD/JPY is taking the bids around 79.00 on early Thursday. Pair continues to find difficulties in crossing four-week-old descending trend-line, at 79.35 now, ahead of monthly Australian employment data. As a result, 50% Fibonacci retracement of February month rise, at 78.65, becomes important for sellers in case job numbers spread disappointment. Should prices refrain from respecting 78.65 support, 61.8% Fibonacci retracement level near 78.30, followed by 78.10, could lure bears. Assuming the quote's extended south-run beneath 78.10, 77.70 and 77.40 could come back on the chart. Meanwhile, an upside break of 79.35 can quickly trigger price up-moves to 79.60 ahead… 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.
