AUD/JPY stands above 100-day EMA for the first time in nearly six months. Prices test highest in a month, below September top. Despite successfully clearing 100-day Exponential Moving Average (EMA) for the first since late-April, AUD/JPY still trades below September month high while flashing 74.20 as a quote on early Asian morning session on Friday. Unless providing a daily closing beyond 74.50, the pair is less likely to extend the latest recovery towards 50% Fibonacci retracement of April-August declines, around 75.35/40. However, pair’s further rise will be challenged by a 200-day EMA level of 75.66, failure to do so can push bulls towards 76.20 and 61.8% Fibonacci retracement level, at 76.70. Meanwhile, pair’s declines below 100-day EMA level of 73.97 can pull it back to 73.00 whereas 23.6% Fibonacci retracement near 72.50 and monthly bottom close to 71.70 will appear on sellers’ watch-list afterward. AUD/JPY daily 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 Maduro makes efforts to fund Venezuela’s economy in Petro FX Street 4 years AUD/JPY stands above 100-day EMA for the first time in nearly six months. Prices test highest in a month, below September top. Despite successfully clearing 100-day Exponential Moving Average (EMA) for the first since late-April, AUD/JPY still trades below September month high while flashing 74.20 as a quote on early Asian morning session on Friday. Unless providing a daily closing beyond 74.50, the pair is less likely to extend the latest recovery towards 50% Fibonacci retracement of April-August declines, around 75.35/40. However, pair's further rise will be challenged by a 200-day EMA level of 75.66, failure to do so can… 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.
