AUD/JPY trades near 78.20 ahead of the Bank of Japan’s (BoJ) monetary policy meeting on early Friday. The quote recently confirmed inverse head and shoulders bullish formation by clearing 79.00 on hourly chart and is presently rising toward three-week-old descending trend-line, at 79.50. Should prices manage to cross 79.50 immediate upside barrier, February month highs near 79.80/85 could act as buffers prior to highlighting 80.00 round-figure. Also, 61.8% Fibonacci expansion (FE) of its early January – March moves, around 80.60, may gain buyers’ attention post-80.00. Alternatively, pair’s dip beneath 79.00 can take rest on a weeklong upward sloping support-line at 78.60, a break of which may extend the pullback to 78.30 and 78.00. However, an ascending trend-line stretched since January 07 can challenge sellers around 77.70, if not then 77.00 can come back on the chart. AUD/JPY 4-Hour chart Additional important levels: Overview: Today Last Price: 79.16 Today Daily change: 25 pips Today Daily change %: 0.32% Today Daily Open: 78.91 Trends: Daily SMA20: 78.97 Daily SMA50: 78.58 Daily SMA100: 79.71 Daily SMA200: 80.55 Levels: Previous Daily High: 78.98 Previous Daily Low: 78.57 Previous Weekly High: 79.65 Previous Weekly Low: 77.72 Previous Monthly High: 79.85 Previous Monthly Low: 77.44 Daily Fibonacci 38.2%: 78.82 Daily Fibonacci 61.8%: 78.73 Daily Pivot Point S1: 78.66 Daily Pivot Point S2: 78.41 Daily Pivot Point S3: 78.25 Daily Pivot Point R1: 79.07 Daily Pivot Point R2: 79.23 Daily Pivot Point R3: 79.48 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 traded at 111.90, a fresh high ahead of BoJ FX Street 4 years AUD/JPY trades near 78.20 ahead of the Bank of Japan's (BoJ) monetary policy meeting on early Friday. The quote recently confirmed inverse head and shoulders bullish formation by clearing 79.00 on hourly chart and is presently rising toward three-week-old descending trend-line, at 79.50. Should prices manage to cross 79.50 immediate upside barrier, February month highs near 79.80/85 could act as buffers prior to highlighting 80.00 round-figure. Also, 61.8% Fibonacci expansion (FE) of its early January - March moves, around 80.60, may gain buyers' attention post-80.00. Alternatively, pair's dip beneath 79.00 can take rest on a weeklong upward sloping support-line at… 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.
