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 is still in an upward move. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the pair will rise and reach a high of level 2.618. The AUD/JPY will first rise to its first target at the 1.618 Fibonacci extension level. That is level 80.00 high. The second target will be at the 2.618 Fibonacci extension level.
Daily Chart Indicators Reading:
The moving averages have made a bullish crossover. The 21-day SMA crosses over the 50-day SMA. The pair has risen to level 62 of the Relative Strength Index period 14. The market is in the uptrend zone and it is above the centerline 50.
AUD/JPY Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an uptrend. A trend line is drawn showing the support levels of price. The pair is approaching a resistance zone. The price will rise if the current resistance is broken. The resistance at 75.00 has been tested on more than two occasions.
4-hour Chart Indicators Reading
The AUD/JPY pair is currently above 70% range of the daily stochastic. It implies that the index is approaching the overbought region of the market. Sellers are likely to emerge to push prices downward.
General Outlook for AUD/JPY
The AUD/JPY pair is rising but approaches the overbought region of the market. The upward move may be hindered at level 75.00 resistance zone. The uptrend will resume as soon as the resistance level is breached.
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.