- AUD/JPY is on rounds near 79.20 close to European open on Thursday.
- The pair is gradually recovering since February 08 but is still trading beneath the 79.80-85 horizontal-resistance that confined its upside during Feb 05 and 21.
- As a result, the pair needs to surpass 79.85 barrier in order to justify its strength toward targeting 61.8% Fibonacci expansion (FE) of its early January to February moves, near 81.00.
- Though, 79.55 may offer immediate stop during the pair’s upside.
- On the downside, an upward sloping trend-line portraying the pair’s recent recovery, at 78.65, can limit the pair’s near-term declines, a break of which can drag it to 78.30 and 78.00 rest-points.
- It should also be noted that the pair’s downturn past-78.00 may avail 77.40 and 77.00 as follow-on supports.
AUD/JPY 4-Hour chart
Additional important levels:
Overview:
Today Last Price: 79.24
Today Daily change: 1 pips
Today Daily change %: 0.01%
Today Daily Open: 79.23
Trends:
Daily SMA20: 78.87
Daily SMA50: 78.31
Daily SMA100: 79.82
Daily SMA200: 80.78
Levels:
Previous Daily High: 79.57
Previous Daily Low: 78.94
Previous Weekly High: 79.82
Previous Weekly Low: 78.33
Previous Monthly High: 79.4
Previous Monthly Low: 70.71
Daily Fibonacci 38.2%: 79.18
Daily Fibonacci 61.8%: 79.33
Daily Pivot Point S1: 78.92
Daily Pivot Point S2: 78.61
Daily Pivot Point S3: 78.29
Daily Pivot Point R1: 79.55
Daily Pivot Point R2: 79.88
Daily Pivot Point R3: 80.19
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