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  • 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:

       Today Last Price:  79.24
       Today Daily change: 1  pips
       Today Daily change %:  0.01%
       Today Daily Open:  79.23
       Daily SMA20:  78.87
       Daily SMA50:  78.31
       Daily SMA100:  79.82
       Daily SMA200:  80.78
       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