7 Sep 2018
AUD/JPY Technical Analysis: taking a spill into 79.40
- The AUD/JPY is following suit with the other Yen pairs as the JPY scrubs the top off of the broader markets.
- Flights into safety resume as investors buckle down for further tariffs amidst a steepening US-Sino trade war.
- The Aussie is falling into a 21-month low against the Yen, further downside sees limited resistance.
AUD/JPY Chart, 15-Minute
| Spot rate: | 79.34 |
| Relative change: | -0.45% |
| High: | 79.72 |
| Low: | 79.26 |
| Trend: | Bearish |
| Support 1: | 79.26 (21-month low) |
| Support 2: | 79.00 (major technical level) |
| Support 3: | 76.78 (November 2016 low) |
| Resistance 1: | 79.72 (current day low) |
| Resistance 2: | 80.57 (current week high) |
| Resistance 3: | 81.80 (previous week low) |