AUD/JPY picks up the bids near 75.90 during the early Friday morning in Asia. The pair flashed its first negative daily closing in five the previous day but oversold RSI and 100-HMA trigger its latest bounce.
As a result, buyers are again targeting the fresh yearly high to 77.00 with 76.05 being immediate upside barrier. Additionally, tops marked in June and on Wednesday, respectively near 76.80 and 76.87, will offer extra filters to the north.
In a case where the bulls manage to remain strong past-77.00, February 2019 bottom close to 78.00 will be on the cards.
Meanwhile, the pair’s declines below 100-HMA level of 75.84 aren’t the call to the bears as an upward sloping trend line from July 10 and 200-HMA stand tall to restrict further downside around 75.39/32.
AUD/JPY hourly chart
#AUD/JPY##FX##BullishReversal#
Reprinted from FXStreet，the copyright all reserved by the original author.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發