AUD/JPY’s previous 4-hour candle closed at 78.99, confirming a rising wedge breakdown – a bearish reversal pattern. So, the pair may fall back to 78.83 (4H 200-candle MA). Validating that bearish case is the negative crossover of the 5- and 10-candle moving averages (MA). On the higher side, a break above 78.74 would confirm a channel breakout on the daily chart and could yield a rally toward 81.18 (Nov. 21 low). 4-hour chart Daily chart Trend: Cautiously 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 USD/CAD seen higher in a broad 1.35-1.40 range this year – TDS FX Street 4 years AUD/JPY's previous 4-hour candle closed at 78.99, confirming a rising wedge breakdown - a bearish reversal pattern. So, the pair may fall back to 78.83 (4H 200-candle MA). Validating that bearish case is the negative crossover of the 5- and 10-candle moving averages (MA). On the higher side, a break above 78.74 would confirm a channel breakout on the daily chart and could yield a rally toward 81.18 (Nov. 21 low). 4-hour chart Daily chart Trend: Cautiously bearish 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.
