AUD/JPY fails to stay strong beyond near-term key moving average. The five-week-old rising trend line is on sellers’ radar. Buyers will look for entry beyond a one-week-old falling resistance line. Following its failure to stay strong above 200-bar SMA, AUD/JPY revisits the key moving average while taking rounds to 73.95 during the initial Asian session on Tuesday. With this, an upward sloping trend line since mid-October, around 73.40/35, gains market attention whereas 61.8% Fibonacci retracement of October-November upside, at 73.24, could challenge sellers afterward. If bears manage to conquer 73.24, 73.00 and 72.80 can provide intermediate halts during the downpour to early-October high surrounding 72.55. Meanwhile, an upside clearance of the immediate falling trendline, at 74.28 now, can again divert traders’ attention off 200-bar Simple Moving Average (SMA), while highlighting November 07 low near 74.55. In a case where prices manage to cross 74.55, 75.00, 75.30 and the monthly top close to 75.70 will lure buyers. AUD/JPY 4-hour chart Trend: Pullback expected 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 AUD/NZD on thin ice in bearish territory, balancing on a 38.2% Fibo support level FX Street 3 years AUD/JPY fails to stay strong beyond near-term key moving average. The five-week-old rising trend line is on sellers' radar. Buyers will look for entry beyond a one-week-old falling resistance line. Following its failure to stay strong above 200-bar SMA, AUD/JPY revisits the key moving average while taking rounds to 73.95 during the initial Asian session on Tuesday. With this, an upward sloping trend line since mid-October, around 73.40/35, gains market attention whereas 61.8% Fibonacci retracement of October-November upside, at 73.24, could challenge sellers afterward. If bears manage to conquer 73.24, 73.00 and 72.80 can provide intermediate halts during the downpour… 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.
