- Inability to hold trend-line break triggers a fresh pullback.
- Immediate support-line grabs the spotlight for now.
AUD/JPY falls short of holing recent uptick beyond short-term resistance-line as it slips back into the upside barrier to 75.86 during the early Asian session on Monday.
As a result, 23.6% Fibonacci retracement of May-June decline at 75.70 seems the closest support that the quote can avail whereas a week-long ascending trend-line at 75.41 could restrict further downpour.
In a case where sellers refrain from respecting 75.40 rest-point, the current month low around 75.00 should be on their radar.
Meanwhile sustained a break of May 20 high around 76.40 becomes necessary for the pair to aim for 200-bar moving average (4H 200MA) at 76.54.
Also playing the role of resistance could be 61.8% Fibonacci retracement level of 76.87 and May 10 top surrounding 77.20.
AUD/JPY 4-Hour chart
Trend: Pullback expected
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