AUD/JPY Technical Analysis: Soft China CPI highlights 78.00 horizontal support

  • The AUD/JPY trades negative around 78.20 on early Friday.
  • The pair dropped to the low of 78.08 after China registered lesser than forecast CPI YoY to 1.7% from 1.9%.
  • With this, horizontal line connecting early week highs to late-January lows, around 78.00, becomes crucial for sellers to watch as a break of which can drag the quote to month’s low near 77.40.
  • However, another horizontal-support adjacent to 77.00 round-figure could limit the pair’s declines past-77.40, if not then 76.00 and 75.25 may come back on the chart.
  • Meanwhile, 78.50 and 79.00 can act as immediate resistances for the pair ahead of diverting market attention to 79.25.
  • During the additional upside beyond 79.25, month’s high near 79.80 and 80.00 mark could become buyers’ favorites.

AUD/JPY 4-hour chart


Additional important levels:

    Today Last Price: 78.22
    Today Daily change: -25 pips
    Today Daily change %: -0.32%
    Today Daily Open: 78.47
    Daily SMA20: 78.53
    Daily SMA50: 78.69
    Daily SMA100: 79.97
    Daily SMA200: 80.96
    Previous Daily High: 79.25
    Previous Daily Low: 78.25
    Previous Weekly High: 79.85
    Previous Weekly Low: 77.44
    Previous Monthly High: 79.4
    Previous Monthly Low: 70.71
    Daily Fibonacci 38.2%: 78.63
    Daily Fibonacci 61.8%: 78.87
    Daily Pivot Point S1: 78.06
    Daily Pivot Point S2: 77.65
    Daily Pivot Point S3: 77.05
    Daily Pivot Point R1: 79.06
    Daily Pivot Point R2: 79.66
    Daily Pivot Point R3: 80.07


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