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.
AUD/JPY, M5
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.
AUD/JPY, H1
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.
AUD/JPY, D1
AUD/JPY
Overview:
Last Price: 81.14
Daily change: 1.3e+2 pips
Daily change: 1.58%
Daily Open: 79.88
Trends:
Daily SMA20: 79.86
Daily SMA50: 80.49
Daily SMA100: 81.23
Daily SMA200: 82.3
Levels:
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
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