14 Nov 2018
AUD/JPY Technical Analysis: bullish bias intact despite a below-forecast China retail sales reading
- The AUD/JPY is struggling to beat the 100-day simple moving average (SMA) hurdle, possibly due to a weaker-than-expected China retail sales reading.
- The path of least resistance, however, is still on the higher side as the pair has charted higher lows in the last 24 hours, having witnessed a falling channel breakout on Monday.
- The bullish view would be invalidated if the JPY cross violates the lower highs setup with a move below 81.88 (Nov. 13 low on the hourly chart).
Hourly Chart
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Trend: Bullish
AUD/JPY
Overview:
Last Price: 82.33
Daily change: 17 pips
Daily change: 0.207%
Daily Open: 82.16
Trends:
Daily SMA20: 80.75
Daily SMA50: 80.69
Daily SMA100: 81.26
Daily SMA200: 82.05
Levels:
Daily High: 82.38
Daily Low: 81.39
Weekly High: 83.06
Weekly Low: 81.24
Monthly High: 82.5
Monthly Low: 78.56
Daily Fibonacci 38.2%: 82
Daily Fibonacci 61.8%: 81.77
Daily Pivot Point S1: 81.57
Daily Pivot Point S2: 80.98
Daily Pivot Point S3: 80.57
Daily Pivot Point R1: 82.57
Daily Pivot Point R2: 82.97
Daily Pivot Point R3: 83.56