AUD/JPY looks for direction around key Exponential Moving Average (EMA). 61.8% Fibonacci retracement adds to the support. Bullish MACD favors pullback to September high. Despite marking the heaviest declines since the month-start, AUD/JPY stops around 100-day EMA while taking rounds to 74.00 amid the initial Asian session on Friday. The pair clings to a 100-day EMA level of 74.00 while also nearing the 61.8% Fibonacci retracement of July-August downpour. Not only nearness to key supports, bullish signals from 12-bar Moving Average Convergence and Divergence (MACD) also makes sense to anticipate pair’s bounce from present levels. In doing so September high close of 74.50 and the monthly top surrounding 74.85 could question buyers targeting 75.00 and early-July lows near 75.15. On the contrary, pair’s declines below 61.8% Fibonacci retracement level of 73.87 will highlight 73.40/35 area including 50-day EMA and October 01 high. AUD/JPY daily chart Trend: pullback expected 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 AUD/NZD: Bears in control within descending channel, eyes on 50% mean reversion FX Street 3 years AUD/JPY looks for direction around key Exponential Moving Average (EMA). 61.8% Fibonacci retracement adds to the support. Bullish MACD favors pullback to September high. Despite marking the heaviest declines since the month-start, AUD/JPY stops around 100-day EMA while taking rounds to 74.00 amid the initial Asian session on Friday. The pair clings to a 100-day EMA level of 74.00 while also nearing the 61.8% Fibonacci retracement of July-August downpour. Not only nearness to key supports, bullish signals from 12-bar Moving Average Convergence and Divergence (MACD) also makes sense to anticipate pair's bounce from present levels. In doing so September high… 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.
