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The last twenty-four hours have seen the AUD/JPY grind higher, clipping back over the 81.00 handle before beginning to consolidate heading into the Pacific-Asia trading session testing between the recent peak of 81.26 and the 200-period moving average providing near-term support from 81.00.


Looking back over the past month, consolidation between 80.40 and 79.00 has largely been the name of the game, and with Thursday’s breakout being aggressively one-sided, Aussie buyers looking to prolong a bullish recovery may be expecting a retracement back to the top-end of recent consolidation before bouncing off of the support-turned-resistance, and overextended hourly indicators are warning of growing potential for an intraday correction.


The Daily candlesticks tell a much different story for the AUD/JPY, showing the pair running up into a descending trendline that has remained firmly in place since June of this year, and long AUD positions could run adrift as soon as the 81.50 key level.



       Last Price:  81.14
       Daily change:  1.3e+2  pips
       Daily change:  1.58%
       Daily Open:  79.88
       Daily SMA20:  79.86
       Daily SMA50:  80.49
       Daily SMA100:  81.23
       Daily SMA200:  82.3
       Daily High:  80.43
       Daily Low:  79.86
       Weekly High:  80.32
       Weekly Low:  78.56
       Monthly High:  82.5
       Monthly Low:  78.56
       Daily Fibonacci 38.2%:  80.07
       Daily Fibonacci 61.8%:  80.21
       Daily Pivot Point S1:  79.68
       Daily Pivot Point S2:  79.48
       Daily Pivot Point S3:  79.11
       Daily Pivot Point R1:  80.26
       Daily Pivot Point R2:  80.63
       Daily Pivot Point R3:  80.83