AUD/JPY trades mostly unchanged below key resistance confluence. Back to back trend reversal candlestick formations show the complexity of traders. Bearish MACD, strong resistance on the upside favor the pair’s declines. While showing traders’ indecision on the daily (D1) chart, AUD/JPY clings to 73.83 by the start of Tuesday’s Asian session. The quote recently registered consecutive trend reversal signaling candlestick formations. In addition to the Doji candles of Friday and Monday, 74.10/15 resistance confluence including 21 and 100-day Exponential Moving Average (EMA) and 38.2% Fibonacci retracement of October-November upside also becomes the key to watch. Though, bearish signals from 12-bar Moving Average Convergence and Divergence (MACD) signal pair’s further declines. In doing so, a 50% Fibonacci retracement level of 73.70 and 61.8% Fibonacci retracement level of 73.23 could become initial rests before dragging the quote to 72.55 and the previous month bottom near 71.75. Alternatively, an upside clearance of 74.15 could trigger fresh run-up towards November 07 low near 74.55 ahead of challenging 75.30 and the monthly top close to 75.70. AUD/JPY daily chart Trend: Sideways 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 Wall Street close: Benchmarks set fresh record closes on upbeat trade headlines FX Street 3 years AUD/JPY trades mostly unchanged below key resistance confluence. Back to back trend reversal candlestick formations show the complexity of traders. Bearish MACD, strong resistance on the upside favor the pair's declines. While showing traders' indecision on the daily (D1) chart, AUD/JPY clings to 73.83 by the start of Tuesday's Asian session. The quote recently registered consecutive trend reversal signaling candlestick formations. In addition to the Doji candles of Friday and Monday, 74.10/15 resistance confluence including 21 and 100-day Exponential Moving Average (EMA) and 38.2% Fibonacci retracement of October-November upside also becomes the key to watch. Though, bearish signals from 12-bar… 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.
