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  • 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:

       Today Last Price:  78.22
       Today Daily change:  -25  pips
       Today Daily change %:  -0.32%
       Today Daily Open:  78.47
       Daily SMA20:  78.53
       Daily SMA50:  78.69
       Daily SMA100:  79.97
       Daily SMA200:  80.96
       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