AUD/JPY stays under pressure after downbeat Aussie PMI numbers. The monthly low, 61.8% Fibonacci retracement act as immediate supports. An eight-day-long falling trend line limits nearby upside. AUD/JPY keeps it low after the Australian Purchasing Managers Index (PMI) data while taking rounds to 73.73 during early Friday’s Asian session. Australia’s November month Markit/Commonwealth Bank Manufacturing PMI crossed 49.8 forecasts but slipped beneath 50.1 prior. Further, Services PMI declined to 49.5 versus 53.5 expected and 50.1 earlier. As a result, the Composite PMI dropped to 49.5 from 50.0 prior. With this, the quote stays below near-term descending trend line while taking rounds to 50% Fibonacci retracement level of October month upside, at 73.70. While a downtick below 73.30 shifts sellers’ focus to a monthly low of 73.35 and 61.8% Fibonacci retracement level of 73.23, multiple bottoms marked during mid-October, near 73.00, can question bears afterward. If prices slip below 73.00, 72.50 and the previous month low around 71.70 will be in the spotlight. Alternatively, an upside clearance of 74.00, comprising the aforementioned resistance line, can propel price to 74.30 horizontal line including October-end low and the recent highs. It should also be noted that the pair’s successful rise above 74.30 enables buyers to keep a tab on 75.00 while aiming for 75.30/40 and the monthly top close to 75.70 afterward. AUD/JPY 4-hour chart Trend: Bearish 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 Binance say their offices have not been raided in Shanghai FX Street 3 years AUD/JPY stays under pressure after downbeat Aussie PMI numbers. The monthly low, 61.8% Fibonacci retracement act as immediate supports. An eight-day-long falling trend line limits nearby upside. AUD/JPY keeps it low after the Australian Purchasing Managers Index (PMI) data while taking rounds to 73.73 during early Friday's Asian session. Australia's November month Markit/Commonwealth Bank Manufacturing PMI crossed 49.8 forecasts but slipped beneath 50.1 prior. Further, Services PMI declined to 49.5 versus 53.5 expected and 50.1 earlier. As a result, the Composite PMI dropped to 49.5 from 50.0 prior. With this, the quote stays below near-term descending trend line while taking… 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.