AUD/JPY trades near 78.90 during the early Asian session on Wednesday. The pair is close to 61.8% Fibonacci retracement of December 2018 to January 2019 downturn while also forms a symmetrical triangle pattern if connecting highs since February 21 and lows since February 08. Given the pair’s ability to cross the 61.8% Fibo around 79.00, triangle resistance at 79.30 and 100-day simple moving average (SMA) at 79.60 become crucial to watch. In a case prices rally beyond 79.60, 80.00 round-figure and 200-day SMA level of 80.40 could lure buyers. On the downside, 78.30 can act as immediate support ahead of shifting market attention to the 77.80 formation lower-line. Should prices slip under 77.80, February month low and 50% Fibonacci retracement could please sellers near 77.40/35. Additionally, 77.00, 76.00 and 75.40 are likely following numbers that could entertain bears past-77.35. AUD/JPY daily chart 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 NZD/JPY Technical Analysis: Bullish flag/channel/Ichimoku Cloud all point to 76.90 target FX Street 4 years AUD/JPY trades near 78.90 during the early Asian session on Wednesday. The pair is close to 61.8% Fibonacci retracement of December 2018 to January 2019 downturn while also forms a symmetrical triangle pattern if connecting highs since February 21 and lows since February 08. Given the pair's ability to cross the 61.8% Fibo around 79.00, triangle resistance at 79.30 and 100-day simple moving average (SMA) at 79.60 become crucial to watch. In a case prices rally beyond 79.60, 80.00 round-figure and 200-day SMA level of 80.40 could lure buyers. On the downside, 78.30 can act as immediate support ahead of… 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.
