AUD/JPY seesaws near 50% Fibonacci retracement. 50, 100 HMA confluence limit the quote’s near-term advances. 61.8% Fibonacci retracement, 71.40 becomes key supports to watch. Despite its frequent bounces off 50% Fibonacci retracement of August 12-13 surge, AUD/JPY remains well below key resistance-confluence as it trades near 71.95 during the Asian session on Friday. While pair’s recent recovery can help it clear 72.00 round figure, further upside will be challenged by 50 and 100-hour moving average (HMA) confluence, not to forget the 38.2% Fibonacci retracement, near 72.13/15. If buyers manage to cross 72.15, 72.40 and 72.60 could offer intermediate halts to a run-up towards the last week’s high of 72.93. On the downside, a clear break below 50% Fibonacci retracement level near 71.90 can fetch prices to 61.8% Fibonacci retracement level of 71.67 and then to 71.40. During the pair’s additional declines below 71.40, 71.25 and August 12 low near 70.90 will please bears. AUD/JPY hourly chart Trend: Sideways 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 Gold remains under pressure amid strong USD, risk recovery FX Street 4 years AUD/JPY seesaws near 50% Fibonacci retracement. 50, 100 HMA confluence limit the quote's near-term advances. 61.8% Fibonacci retracement, 71.40 becomes key supports to watch. Despite its frequent bounces off 50% Fibonacci retracement of August 12-13 surge, AUD/JPY remains well below key resistance-confluence as it trades near 71.95 during the Asian session on Friday. While pair's recent recovery can help it clear 72.00 round figure, further upside will be challenged by 50 and 100-hour moving average (HMA) confluence, not to forget the 38.2% Fibonacci retracement, near 72.13/15. If buyers manage to cross 72.15, 72.40 and 72.60 could offer intermediate halts to… 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.
