AUD/JPY pulls back from 100-ay EMA. Bearish MACD shifts market attention to near-term key supports. Despite marking the best day in a month on Friday, AUD/JPY sellers sneak in around 100-day EMA as the pair declines to 74.07 amid initial Asian trading on Monday. In addition to the pair’s failure to cross key Exponential Moving Average (EMA), the bearish signal from 12-bar Moving Average Convergence and Divergence (MACD) also favors the pair’s extended pullback towards 50-day EMA level around 73.95. Though, an upward sloping trend line since August 26, at 73.44 now, could restrict the quote’s further downside, if not then 73.00 and early-October top near 72.55 could flash on bear’s radar. Alternatively, pair’s sustained daily closing beyond 100-day EMA level of 74.18 can trigger fresh run-up to November 07 low surrounding 74.60 whereas 200-day EMA, close to 75.45 will be in the spotlight afterward. 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 USD/JPY holds steady near 108.75 amid Hong Kong woes, trade hopes FX Street 3 years AUD/JPY pulls back from 100-ay EMA. Bearish MACD shifts market attention to near-term key supports. Despite marking the best day in a month on Friday, AUD/JPY sellers sneak in around 100-day EMA as the pair declines to 74.07 amid initial Asian trading on Monday. In addition to the pair's failure to cross key Exponential Moving Average (EMA), the bearish signal from 12-bar Moving Average Convergence and Divergence (MACD) also favors the pair's extended pullback towards 50-day EMA level around 73.95. Though, an upward sloping trend line since August 26, at 73.44 now, could restrict the quote's further downside, if not… 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.
