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8 Mar 2019
AUD/JPY Technical Analysis: 50-day SMA acts as an immediate upside barrier
- AUD/JPY is on bids around 78.30 during the initial Asian trading hours on Friday.
- Pair took a U-turn from a three-week low but is presently confronting 50-day simple moving average (SMA) at 78.40 in order to justify its strength.
- Should there be a successful break of 78.40, 61.8% Fibonacci retracement of December-January downturn, at 78.95, can quickly appear on the chart.
- In a case prices rally beyond 78.95, also clear 79.00 round-figure, 79.35 and 100-day SMA figure of 79.80 are likely to preside over buyers’ mind.
- Alternatively, a dip beneath 78.10 low may test an upward sloping support-line that joins lows since January 07, around 77.75 now.
- Also, pair’s extended downside past-77.75 highlights the importance of 50% Fibonacci retracement level of 77.35 and 77.00 rest-points ahead of pleasing Bears with 76.00.
AUD/JPY daily chart
Additional important levels:
Overview:
Today Last Price: 78.32
Today Daily change: 23 pips
Today Daily change %: -0.29%
Today Daily Open: 78.55
Trends:
Daily SMA20: 78.85
Daily SMA50: 78.38
Daily SMA100: 79.77
Daily SMA200: 80.69
Levels:
Previous Daily High: 79.35
Previous Daily Low: 78.38
Previous Weekly High: 79.79
Previous Weekly Low: 78.91
Previous Monthly High: 79.85
Previous Monthly Low: 77.44
Daily Fibonacci 38.2%: 78.75
Daily Fibonacci 61.8%: 78.98
Daily Pivot Point S1: 78.17
Daily Pivot Point S2: 77.79
Daily Pivot Point S3: 77.2
Daily Pivot Point R1: 79.14
Daily Pivot Point R2: 79.73
Daily Pivot Point R3: 80.11