Key Resistance Levels: 74.00, 76.00, 78.00
Key Support Levels: 58.00, 60.00, 62.00
AUD/JPY Price Long-term Trend: Bullish
The AUD/JPY pair has resumed the uptrend. The pair has already fallen to level 74.10 before the resumption of a fresh uptrend. On October 1 uptrend, the pair reached the high of level 76.05 but was resisted. The last retraced candle body tested the 50% Fibonacci retracement level. This indicates that the pair will rise to the 2.0 Fibonacci extension level. That is level 78.07.
Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The pair has fallen to level 48 of the Relative Strength Index period 14. This indicates that the pair is in the downtrend zone and below the centerline 50.
AUD/JPY Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an uptrend. The pair have been battling to break the resistance at level 76.00. On October 5 uptrend, the Yen was resisted, the retraced candle body tested the 50% Fibonacci retracement. This indicates that the Yen will rise and reach the 2.0 Fibonacci extension. That is level 77.23.
4-hour Chart Indicators Reading
The AUD/JPY pair is currently above the 50% range of the daily stochastic. It indicates that the pair is in a bullish momentum. The SMAs are sloping upward indicating the uptrend.
General Outlook for AUD/JPY
The AUD/JPY pair has resumed the uptrend. The coin is currently facing resistance at level 76.00. The uptrend will resume once this resistance level is broken. According to the Fibonacci tool, the market will rise and reach a high of 2.0 Fibonacci extension level or a high of 78.07.
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.