AUD/JPY clocks one-month high on improved risk appetite.
The pair is yet to confirm a triangle breakout on the daily chart.

AUD/JPY jumped to 76.77 a few minutes before press time. That was the highest level since July 22.

The pair is now trading near 76.67 – the upper edge of a four-week-long narrowing price range or triangle pattern.

A close above that level would confirm breakout and imply a continuation of the rally from June lows ear 72.50. In that case, the focus would shift to resistance at 77.44 (Feb. 8, 2019 low).

Alternatively, a range breakdown would imply a short-term bullish-to-bearish trend change and could cause some buyers to exit the market, yielding a deeper decline toward 72.50.

Daily chart

Trend: Teasing bull breakout

Technical levels

AUD/JPY

Overview
Today last price	76.67
Today Daily Change	0.14
Today Daily Change %	0.18
Today daily open	76.54

Trends
Daily SMA20	76.01
Daily SMA50	75.15
Daily SMA100	72.9
Daily SMA200	72.63

Levels
Previous Daily High	76.56
Previous Daily Low	75.86
Previous Weekly High	76.68
Previous Weekly Low	75.61
Previous Monthly High	76.88
Previous Monthly Low	73.92
Daily Fibonacci 38.2%	76.29
Daily Fibonacci 61.8%	76.13
Daily Pivot Point S1	76.08
Daily Pivot Point S2	75.62
Daily Pivot Point S3	75.39
Daily Pivot Point R1	76.78
Daily Pivot Point R2	77.02
Daily Pivot Point R3	77.48

AUD/JPY Price Analysis: Hits one-month highs, probes key hurdle