- AUD/JPY clocks one-month high on improved risk appetite.
- The pair is yet to confirm a triangle breakout on the daily chart.
AUD/JPY jumped to 76.77 a few minutes before press time. That was the highest level since July 22.
The pair is now trading near 76.67 – the upper edge of a four-week-long narrowing price range or triangle pattern.
A close above that level would confirm breakout and imply a continuation of the rally from June lows ear 72.50. In that case, the focus would shift to resistance at 77.44 (Feb. 8, 2019 low).
Alternatively, a range breakdown would imply a short-term bullish-to-bearish trend change and could cause some buyers to exit the market, yielding a deeper decline toward 72.50.
Daily chart
Trend: Teasing bull breakout
Technical levels
AUD/JPY
| OVERVIEW | |
|---|---|
| Today last price | 76.67 |
| Today Daily Change | 0.14 |
| Today Daily Change % | 0.18 |
| Today daily open | 76.54 |
| TRENDS | |
|---|---|
| Daily SMA20 | 76.01 |
| Daily SMA50 | 75.15 |
| Daily SMA100 | 72.9 |
| Daily SMA200 | 72.63 |
| LEVELS | |
|---|---|
| Previous Daily High | 76.56 |
| Previous Daily Low | 75.86 |
| Previous Weekly High | 76.68 |
| Previous Weekly Low | 75.61 |
| Previous Monthly High | 76.88 |
| Previous Monthly Low | 73.92 |
| Daily Fibonacci 38.2% | 76.29 |
| Daily Fibonacci 61.8% | 76.13 |
| Daily Pivot Point S1 | 76.08 |
| Daily Pivot Point S2 | 75.62 |
| Daily Pivot Point S3 | 75.39 |
| Daily Pivot Point R1 | 76.78 |
| Daily Pivot Point R2 | 77.02 |
| Daily Pivot Point R3 | 77.48 |
Reprinted from fxstreet, the copyrights all reserved by the original author.
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