Pair hit the 61.8% retracement on spike higher.

The AUDJPY spiked past resistance and tagged the 61.8% key Fibonacci retracement and also the channel resistance. A close back below the 78.00 level would be a bearish event for the pair. It will be important to keep an eye on risk assets like the SPX in the coming hours.

AUDJPY Ascending Channel

Blake Morrow