AUD/JPY, Has it Topped Again?

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The Australian Dollar might have topped against the Yen.

AUD/JPY turned lower in early September after negative RSI divergence showed that upside momentum was fading.

Prices left behind a key zone of resistance between 81.657 and 82.028.

This also followed a break under an Ascending Channel.

A bearish 'Death Cross' may emerge on the 4-hour chart between the 20- and 50-period Simple Moving Averages (SMAs).

Key support zone to clear could be the 79.820 - 80.140 inflection range, where beyond that exposes August lows (77.880 - 78.129).

Pushing above 82.028, with confirmation, may overturn these downside technical warnings.

AUDJPY

Feragatname

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