Currently, AUD/JPY is trading at 82.00, having tested 81.89 (61.8% Fib R of 80.63-83.94) earlier today. The hourly chart shows conflicting signals: 50-hour, 100-hour and 200-hour moving average (MA) is biased towards the bear. The stochastic is diverging in favor of the bulls and the RSI is flashing oversold conditions. The intraday rally could be seen, but will likely be short-lived. A daily close below 81.89 (61.8% Fib) would bolster already bearish daily chart technical setup: bearish outside-day reversal (July 19), RSI below 50.00, stochastic falling. Hourly chart Spot Rate: 82.00 Daily High: 82.28 Daily Low: 81.81 Trend: Dead cat bounce likely Resistance R1: 82.14 (previous day’s low) R2: 82.60 (5-day moving average) R3: 82.90 (10-day moving average) Support S1: 81.89 (61.8% Fib) S2: 81.03 (May 30 low) S3: 80.63 (June 19 low) 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 China’s State Council announces new measures to boost growth FX Street 5 years Currently, AUD/JPY is trading at 82.00, having tested 81.89 (61.8% Fib R of 80.63-83.94) earlier today. The hourly chart shows conflicting signals: 50-hour, 100-hour and 200-hour moving average (MA) is biased towards the bear. The stochastic is diverging in favor of the bulls and the RSI is flashing oversold conditions. The intraday rally could be seen, but will likely be short-lived. A daily close below 81.89 (61.8% Fib) would bolster already bearish daily chart technical setup: bearish outside-day reversal (July 19), RSI below 50.00, stochastic falling. Hourly chart Spot Rate: 82.00 Daily High: 82.28 Daily Low: 81.81 Trend: Dead cat… 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.
