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11 Mar 2019
AUD/JPY Technical Analysis: Two-month old ascending supportline guards downside near 77.70
- AUD/JPY trades little changed near 78.20 during early Monday.
- The pair recently bounced off the two-month-old support line stretched since early January, at 77.70 now.
- However, it still needs to surpass the 50-day simple moving average (SMA) level of 78.40 to aim for 61.8% Fibonacci retracement of December – January downturn around 79.00.
- Should prices rally past-79.00, 100-day SMA level of 79.80 and 80.00 may flash on buyers’ radar to target.
- Alternatively, a downside break of 77.70 can quickly fetch the quote to 50% Fibonacci level of 77.35 and then to 77.00 nearby supports.
- During the pair’s additional weakness under 77.00, 76.00 and 75.20 become crucial to watch.
AUD/JPY daily chart
Additional important levels:
Overview:
Today Last Price: 78.14
Today Daily change: -15 pips
Today Daily change %: -0.19%
Today Daily Open: 78.29
Trends:
Daily SMA20: 78.88
Daily SMA50: 78.4
Daily SMA100: 79.74
Daily SMA200: 80.65
Levels:
Previous Daily High: 78.42
Previous Daily Low: 77.72
Previous Weekly High: 79.65
Previous Weekly Low: 77.72
Previous Monthly High: 79.85
Previous Monthly Low: 77.44
Daily Fibonacci 38.2%: 78.15
Daily Fibonacci 61.8%: 77.98
Daily Pivot Point S1: 77.86
Daily Pivot Point S2: 77.44
Daily Pivot Point S3: 77.16
Daily Pivot Point R1: 78.57
Daily Pivot Point R2: 78.85
Daily Pivot Point R3: 79.27