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AUD/JPY Defends 200-Day SMA After Range Breakdown: What’s Next?

BitcoinWorld AUD/JPY Defends 200-Day SMA After Range Breakdown: What’s Next? The AUD/JPY currency pair is defending its 200-day simple moving average (SMA) after breaking down from a recent trading range, with the pair hovering below the mid-109.00s as of this analysis.

This technical development signals a potential shift in market sentiment, as traders closely watch whether the support level holds or gives way to further downside.

Technical Breakdown and Support Levels The pair’s move below its established range marks a notable change in momentum, but the 200-day SMA is providing a critical floor. This moving average is widely watched by institutional traders as a long-term trend indicator.

A sustained hold above it could invite buyers back, while a decisive break below might open the door to deeper losses. Key support is currently seen at the 200-day SMA, which coincides with the mid-109.00s.

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