AUD/JPY finds takers at 10-DMA, attempts break above 1-hour 100-MA

AUD/JPY found takers in early Asia at 10-DMA level of 84.03 and is now attempting a break above the 1-hour 100-MA level of 84.25 levels. 

The previous two attempts to break above the 1-hour 100-MA failed, although the dips were short lived, given the bullish crossover between 1-hour 50-MA and 1-hour 200-MA. 

Supported by 38.2% Fib retracement

The pull back from the June 20 high of 85.06 ran out of steam around 83.82 (38.2% Fib R of June 6 low - June 20 high). At the time of writing, the spot was trading around 84.30 (23.6% Fib R of June 6 low - June 20 high). It remains to be seen if the current hourly candle ends above the 100-MA. 

The Asian data docket is empty, thus focus remains on the broader market sentiment. The uptick in the S&P 500 futures could keep the AUD/JPY well bid. Aussie traders would also keep an eye on gold prices, which currency trade flat around $1256/Oz levels. 

AUD/JPY Technical Levels

A break above 84.30 (23.6% Fib R of June 6 low - June 20 high) would open up upside towards 84.54 (May 2 high) and 84.81 (June 16 high). On the downside, breach of support at 84..08 (1-hour 200-MA) could yield a pull back to 83.73 (June 22 low) and 83.41 (200-DMA).