AUD/JPY is trading near 80.00 as Tokyo opens on Easter Monday. Even if 14-bar relative strength index (RSI) shows bearish divergence on the 4-hour chart, a horizontal-line stretched since April 16 and a four-week-old ascending trend-line could challenge sellers around 79.90. As a result, 80.10 and 80.20 are likely to come back on the chart ahead of highlighting 80.50 and a recent high near 80.75 for buyers. In a case prices rally beyond 80.75, 61.8% Fibonacci expansion (FE) of its moves between April 10 to 18, near 81.00, and December 18 high near 81.20 might flash on the Bulls’ radar. Alternatively, a downside break of 79.90 may drag the quote to a region surrounding 79.60 that includes multiple highs marked from April 05 to April 11. During the pair’s additional declines under 79.60, 79.20, 79.00 and 61.8% Fibonacci retracement of March 25 to April 17 upside at 78.75 could be aimed if holding short positions. AUD/JPY 4-Hour chart Trend: Bullish 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: Bid near 112.00 in Asia, BOJ decision and US Q1 GDP in focus this week FX Street 4 years AUD/JPY is trading near 80.00 as Tokyo opens on Easter Monday. Even if 14-bar relative strength index (RSI) shows bearish divergence on the 4-hour chart, a horizontal-line stretched since April 16 and a four-week-old ascending trend-line could challenge sellers around 79.90. As a result, 80.10 and 80.20 are likely to come back on the chart ahead of highlighting 80.50 and a recent high near 80.75 for buyers. In a case prices rally beyond 80.75, 61.8% Fibonacci expansion (FE) of its moves between April 10 to 18, near 81.00, and December 18 high near 81.20 might flash on the Bulls' radar.… 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.
