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17 Aug 2018
AUD/JPY Technical Analysis: looking for more after claiming 80.50
- The AUD/JPY is bouncing off of the 80.00 major handle after marking in a 30-month low at 79.70.
- Risk appetite is cautiously improving for Friday's action as US-China negotiations on trade are set to resume again after months of deadlock.
- The Aussie is down nearly 10% against the Japenese Yen for 2018.
AUD/JPY Chart, 1-Hour
| Spot rate: | 80.56 |
| Relative change: | 0.11% |
| High: | 80.71 |
| Low: | 80.35 |
| Trend: | Bearish |
| Support 1: | 80.35 (current day low) |
| Support 2: | 79.69 (current week low; major technical bottom) |
| Support 3: | 79.00 (major technical level) |
| Resistance 1: | 80.82 (current week low) |
| Resistance 2: | 81.60 (61.8% Fibo retracement level) |
| Resistance 3: | 82.79 (previous week low) |