AUD/JPY Technical Analysis - Heading to new multi-month high?

Technical Analysis

AUD/JPY added to Monday's gains on Tuesday and is at present demanding to retest the 7-month prohibitive of 83.66 destroy first carry on week. A break beyond with the aim of level may well take the team up to 85.3 by marching towards 88.035, the 1-1/2-year prohibitive it destroy last-minute April.

With the upchannel getting lesser tops and RSI viewing overbought scenario, AUD/JPY may well find out a short-term correction but will maintain strong support in the 81.8-79.8 area as suggested by Fibonacci retracements someplace all the 50-day, 100-day and 200-day SMAs besides virtually touch.

Below with the aim of, 78.0 can be a bring to a halt in place of AUD/JPY by course advance south to an extra strong short-term support close to 75.7.