AUD/JPY Technical Analysis: 50-day SMA acts as an immediate upside barrier
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AUD/JPY Technical Analysis: 50-day SMA acts as an immediate upside barrier

  • AUD/JPY is on bids around 78.30 during the initial Asian trading hours on Friday.
  • Pair took a U-turn from a three-week low but is presently confronting 50-day simple moving average (SMA) at 78.40 in order to justify its strength.
  • Should there be a successful break of 78.40, 61.8% Fibonacci retracement of December-January downturn, at 78.95, can quickly appear on the chart.
  • In a case prices rally beyond 78.95, also clear 79.00 round-figure, 79.35 and 100-day SMA figure of 79.80 are likely to preside over buyers’ mind.
  • Alternatively, a dip beneath 78.10 low may test an upward sloping support-line that joins lows since January 07, around 77.75 now.
  • Also, pair’s extended downside past-77.75 highlights the importance of 50% Fibonacci retracement level of 77.35 and 77.00 rest-points ahead of pleasing Bears with 76.00.

AUD/JPY daily chart

Additional important levels:

       Today Last Price:  78.32
       Today Daily change: 23  pips
       Today Daily change %:  -0.29%
       Today Daily Open:  78.55
       Daily SMA20:  78.85
       Daily SMA50:  78.38
       Daily SMA100:  79.77
       Daily SMA200:  80.69
       Previous Daily High:  79.35
       Previous Daily Low:  78.38
       Previous Weekly High:  79.79
       Previous Weekly Low:  78.91
       Previous Monthly High:  79.85
       Previous Monthly Low:  77.44
       Daily Fibonacci 38.2%:  78.75
       Daily Fibonacci 61.8%:  78.98
       Daily Pivot Point S1:  78.17
       Daily Pivot Point S2:  77.79
       Daily Pivot Point S3:  77.2
       Daily Pivot Point R1:  79.14
       Daily Pivot Point R2:  79.73
       Daily Pivot Point R3:  80.11


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