While a break of a month-old ascending trend-line drags the AUD/JPY pair to the lowest in nearly two weeks, a horizontal-area connecting multiple highs marked since April 05 seems to limit the pair’s immediate downside around 79.65/60. Adding further difficulties for sellers, 14-bar relative strength index (RSI) is near to oversold region and indicate pullback. Should that happens, 79.80, 80.00 and 80.20 are likely nearby upside resistances that can question the quote’s pullback. However, 80.45/50 and recent highs near 80.75 might offer tough upside barrier to the price rally past-80.20, a break of which can escalate the up-moves to 81.20 and 81.50 resistances. If sellers refrain from respecting 79.60 support, 50% Fibonacci retracement of its upside since March 25 at 79.15 can offer an intermediate halt during the declines to 79.00. Also, 78.50, 77.90 and 77.55 might entertain bears under 79.00. AUD/JPY 4-Hour 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 PBOC sets yuan reference rate at 6.7082 FX Street 4 years While a break of a month-old ascending trend-line drags the AUD/JPY pair to the lowest in nearly two weeks, a horizontal-area connecting multiple highs marked since April 05 seems to limit the pair's immediate downside around 79.65/60. Adding further difficulties for sellers, 14-bar relative strength index (RSI) is near to oversold region and indicate pullback. Should that happens, 79.80, 80.00 and 80.20 are likely nearby upside resistances that can question the quote's pullback. However, 80.45/50 and recent highs near 80.75 might offer tough upside barrier to the price rally past-80.20, a break of which can escalate the up-moves to 81.20… 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.
