AUD/JPY seesaws around monthly low after breaking near-term key moving average. A three-week-old rising trend line restricts near-term upside. Having slipped below 4H 100MA, AUD/JPY trades around the current month low, near 74.40, while heading into the European session on Wednesday. 38.2% Fibonacci retracement of October-November upside, at 74.17, acts as immediate support while 200-bar simple moving average on the four-hour chart (4H 200MA), near 73.80, can limit pair’s further declines. In a case where bears refrain from respecting 73.80, mid-October lows surrounding 73.00 will be on their radars. On the upside, the 100-bar simple moving average on the four-hour chart (4H 100MA) can question near-term buyers around 74.70 whereas 75.00 and 75.40 could entertain them afterward. If prices keep rising past-75.40, an upward sloping trend-line since October 22, at 75.90 now, will be in the spotlight. AUD/JPY 4-hour chart Trend: Bearish 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 RBNZ surprises by holding OCR at 1.0% – ANZ FX Street 3 years AUD/JPY seesaws around monthly low after breaking near-term key moving average. A three-week-old rising trend line restricts near-term upside. Having slipped below 4H 100MA, AUD/JPY trades around the current month low, near 74.40, while heading into the European session on Wednesday. 38.2% Fibonacci retracement of October-November upside, at 74.17, acts as immediate support while 200-bar simple moving average on the four-hour chart (4H 200MA), near 73.80, can limit pair's further declines. In a case where bears refrain from respecting 73.80, mid-October lows surrounding 73.00 will be on their radars. On the upside, the 100-bar simple moving average on the four-hour… 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.
