AUDJPY

Looking at the chart on the four-hour time frame following the Fibonacci retracement of the level, we see a pullback to 61.8% of the level, and then again the continuation of the bearish trend. We can expect the pair to consolidate slightly around 38.2% to 83,475 and then continue descending to the previous low of 82,250. Of the moving averages, only the EMA200 provides support, while the rest are all on the bearish side. Looking at the MACD indicator, we see that it is making a slightly upward turn, the blue MACD line is testing the signal line, and we need a stronger break to have a stronger bullish signal.