The AUD/JPY pair is flirting with pennant support of 83.35, hourly chart shows. An hourly close below 83.35 would confirm a breakdown and would open up downside towards 82.60 (50-day moving average). The pennant breakdown would also add credence to bullish exhaustion indicated by the long upper shadows of previous three daily candles. Hourly chart Spot Rate: 83.35 Daily High: 83.50 Daily Low: 83.35 Trend: Bearish below 83.35 Resistance R1: 83.69 (July 16 high) R2: 81.16 (June 12 high) R3: 84.56 (200-day MA) Support S1: 82.86 (10-day MA) S2: 82.60 (50-day MA) S3: 82.19 (50% Fib R of 80.69-83.69) 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 Australia: Cashless Retail Sales Index gained 0.5% in June – NAB FX Street 5 years The AUD/JPY pair is flirting with pennant support of 83.35, hourly chart shows. An hourly close below 83.35 would confirm a breakdown and would open up downside towards 82.60 (50-day moving average). The pennant breakdown would also add credence to bullish exhaustion indicated by the long upper shadows of previous three daily candles. Hourly chart Spot Rate: 83.35 Daily High: 83.50 Daily Low: 83.35 Trend: Bearish below 83.35 Resistance R1: 83.69 (July 16 high) R2: 81.16 (June 12 high) R3: 84.56 (200-day MA) Support S1: 82.86 (10-day MA) S2: 82.60 (50-day MA) S3: 82.19 (50% Fib R of 80.69-83.69) 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.
