Sustained beak below 21-day EMA portrays AUD/JPY weakness. Buyers may look for entering above 76.40. While sustained trading below the 21-day exponential moving average (EMA) portrays the AUD/JPY pair’s weakness, the quote seesaws near 74.9810 ahead of the EU markets’ open on Monday. The 74.80/78 area comprising mid-June highs can offer an intermediate halt ahead of dragging prices to 61.8% Fibonacci retracement of the pair recovery from January month’s flash crash to April top, at 74.5470. In a case where bears keep dominating below 61.8% Fibonacci retracement level, despite oversold conditions of 14-day relative strength index (RSI), June 20 low of 74.13 and the previous month bottom around 73.92 can lure the sellers. Alternatively, 21-day EMA level of 75.53 acts as an immediate resistance ahead of 50% Fibonacci retracement level of 75.7376. Though, buyers will wait for a successful break beyond May 20 top, surrounding 76.40, before targeting 77.00 round-figure. AUD/JPY daily chart Trend: Bearish 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 EUR Futures: some consolidation likely ahead of FOMC FX Street 4 years Sustained beak below 21-day EMA portrays AUD/JPY weakness. Buyers may look for entering above 76.40. While sustained trading below the 21-day exponential moving average (EMA) portrays the AUD/JPY pair's weakness, the quote seesaws near 74.9810 ahead of the EU markets' open on Monday. The 74.80/78 area comprising mid-June highs can offer an intermediate halt ahead of dragging prices to 61.8% Fibonacci retracement of the pair recovery from January month's flash crash to April top, at 74.5470. In a case where bears keep dominating below 61.8% Fibonacci retracement level, despite oversold conditions of 14-day relative strength index (RSI), June 20 low… 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.
