- The AUD/JPY trades negative around 78.20 on early Friday.
- The pair dropped to the low of 78.08 after China registered lesser than forecast CPI YoY to 1.7% from 1.9%.
- With this, horizontal line connecting early week highs to late-January lows, around 78.00, becomes crucial for sellers to watch as a break of which can drag the quote to month’s low near 77.40.
- However, another horizontal-support adjacent to 77.00 round-figure could limit the pair’s declines past-77.40, if not then 76.00 and 75.25 may come back on the chart.
- Meanwhile, 78.50 and 79.00 can act as immediate resistances for the pair ahead of diverting market attention to 79.25.
- During the additional upside beyond 79.25, month’s high near 79.80 and 80.00 mark could become buyers’ favorites.
AUD/JPY 4-hour chart
Additional important levels:
Overview:
Today Last Price: 78.22
Today Daily change: -25 pips
Today Daily change %: -0.32%
Today Daily Open: 78.47
Trends:
Daily SMA20: 78.53
Daily SMA50: 78.69
Daily SMA100: 79.97
Daily SMA200: 80.96
Levels:
Previous Daily High: 79.25
Previous Daily Low: 78.25
Previous Weekly High: 79.85
Previous Weekly Low: 77.44
Previous Monthly High: 79.4
Previous Monthly Low: 70.71
Daily Fibonacci 38.2%: 78.63
Daily Fibonacci 61.8%: 78.87
Daily Pivot Point S1: 78.06
Daily Pivot Point S2: 77.65
Daily Pivot Point S3: 77.05
Daily Pivot Point R1: 79.06
Daily Pivot Point R2: 79.66
Daily Pivot Point R3: 80.07