For AUD/JPY, the path of least resistance is on the higher side, as indicated by the rising trendline and upward sloping 50-, 100-, and 200-hour exponential moving averages (EMAs). However, both relative strength index (RSI) and stochastic are flashing overbought readings. The Aussie retail sales data released a few minutes before press time showed that consumption growth slowed to 0.2 percent month-on-month in September from the previous month’s print of 0.3 percent. The combination of weaker-than-expected retail sales and overbought conditions on the hourly chart indicate scope for a minor pullback in the AUD/JPY. Pullbacks to levels below 81.00, if any, will likely be short-lived, as Trump’s positive comments on the US-China trade relations could boost risk appetite. Hourly Chart Trend: Pullback likely AUD/JPY Overview: Last Price: 81.3 Daily change: 8.0 pips Daily change: 0.0985% Daily Open: 81.22 Trends: Daily SMA20: 79.89 Daily SMA50: 80.5 Daily SMA100: 81.22 Daily SMA200: 82.27 Levels: Daily High: 81.28 Daily Low: 79.81 Weekly High: 80.32 Weekly Low: 78.56 Monthly High: 82.5 Monthly Low: 78.56 Daily Fibonacci 38.2%: 80.72 Daily Fibonacci 61.8%: 80.37 Daily Pivot Point S1: 80.27 Daily Pivot Point S2: 79.31 Daily Pivot Point S3: 78.8 Daily Pivot Point R1: 81.73 Daily Pivot Point R2: 82.23 Daily Pivot Point R3: 83.19 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 PBOC set the yuan reference rate at 6.9371 FX Street 4 years For AUD/JPY, the path of least resistance is on the higher side, as indicated by the rising trendline and upward sloping 50-, 100-, and 200-hour exponential moving averages (EMAs). However, both relative strength index (RSI) and stochastic are flashing overbought readings. The Aussie retail sales data released a few minutes before press time showed that consumption growth slowed to 0.2 percent month-on-month in September from the previous month's print of 0.3 percent. The combination of weaker-than-expected retail sales and overbought conditions on the hourly chart indicate scope for a minor pullback in the AUD/JPY. Pullbacks to levels below 81.00, if… 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.
