The Australian Dollar (AUD) is taking the bids near 78.95 against the Japanese Yen (JPY) on early Thursday. AUD/JPY is forming an inverse head and shoulders pattern on the hourly chart that needs to be validated by a sustained break of 79.00 neckline figure. Should this happen, prices can rally theoretically towards $80.00 but a descending trend-line stretched since February 25, followed by the late last-month high, may challenge buyers around 79.40 and 79.80. In a case prices witness pullback, 50% Fibonacci retracement level near 78.70 and 78.30 are likely immediate supports to watch. During the pair’s additional weakness post-78.30, 78.00 and 77.70 may flash on bears’ radar. AUD/JPY hourly chart Additional important levels: Overview: Today Last Price: 78.94 Today Daily change: 8 pips Today Daily change %: 0.10% Today Daily Open: 78.86 Trends: Daily SMA20: 78.94 Daily SMA50: 78.46 Daily SMA100: 79.72 Daily SMA200: 80.6 Levels: Previous Daily High: 78.93 Previous Daily Low: 78.51 Previous Weekly High: 79.65 Previous Weekly Low: 77.72 Previous Monthly High: 79.85 Previous Monthly Low: 77.44 Daily Fibonacci 38.2%: 78.77 Daily Fibonacci 61.8%: 78.67 Daily Pivot Point S1: 78.6 Daily Pivot Point S2: 78.35 Daily Pivot Point S3: 78.18 Daily Pivot Point R1: 79.02 Daily Pivot Point R2: 79.19 Daily Pivot Point R3: 79.44 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 DASH/USD market overview: Bulls falter at $95 support line again FX Street 4 years The Australian Dollar (AUD) is taking the bids near 78.95 against the Japanese Yen (JPY) on early Thursday. AUD/JPY is forming an inverse head and shoulders pattern on the hourly chart that needs to be validated by a sustained break of 79.00 neckline figure. Should this happen, prices can rally theoretically towards $80.00 but a descending trend-line stretched since February 25, followed by the late last-month high, may challenge buyers around 79.40 and 79.80. In a case prices witness pullback, 50% Fibonacci retracement level near 78.70 and 78.30 are likely immediate supports to watch. During the pair's additional weakness post-78.30,… 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.
