Key Technical Levels for AUDJPY
Burc Oran
January 28, 2021
AUDJPY 240min Chart, 100-200-bar MA

After breaking the white bullish trend channel, selling pressures increased for AUDJPY. 79.160 can be a support for the short-term but as long as the price holds below the 100-bar moving average for the 4-hour chart, upward attacks may create selling opportunities.

Below the downward trend channel, Fibonacci levels of the November-January surge are looking appropriate as support levels. %38,2 (78,819) level and more importantly the mid-level 78,168 may offer support to limit down moves.

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