Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
20 Jan 2021

AUD/JPY Price Analysis: Bears keep the reins around 80.00

  • AUD/JPY fades pullback from 50-bar SMA, keeps bearish signals.
  • Double top confirmation, sustained break of one-month-old rising trend line favor bears.
  • Key Fibonacci retracement levels, 200-bar SMA add to the downside filters.

AUD/JPY battles 80.00 in a recent recovery move during the initial Asian session on Wednesday. The quote earlier took a U-turn from 50-bar SMA while trying to reverse the key support break portrayed on Monday.

Despite the pair’s recent bounce off 79.86, the 50-bar SMA near 80.30 probes short-term AUD/JPY buyers ahead of the previous support line near 80.66.

In a case where the AUD/JPY prices rise past-80.66, the double top formation around 80.85-92 and the 81.00 round-figure will be the key to watch.

Meanwhile, 38.2% Fibonacci retracement of December 21 to January 08 upside, near 79.60, can challenge intraday sellers of AUD/JPY.

Also acting as the key support are 200-bar SMA and 61.8% Fibonacci retracement level, respectively around 79.00 and 78.80.

Overall, AUD/JPY may witness corrective pullback but the bulls aren’t likely to regain the controls.

AUD/JPY four-hour chart

Trend: Bearish

 

Jan 19, 2021

AUD/USD: Corrective pullback battles 0.7700 as risk dwindles ahead of the key day

AUD/USD flirts with the 0.7700 threshold, following the latest bounce off 0.7686, during the early Asian session trading on Wednesday. The risk barome
Read more Previous
Jan 20, 2021

USD/CAD stays above 1.2700 with eyes on BOC, US President-elect Biden’s inauguration

USD/CAD wavers around 1.2735 during the latest corrective pullback amid Wednesday’s Asian session. The pair dropped the previous day amid broad US dol
Read more Next