{video} AUDJPY stretched to a fresh 3 ½-month high of 75.65 and near the 200-day simple moving average (SMA) on Thursday but it found hard to close comfortably above the 50% Fibonacci of the downleg from 80.70 to 69.94. The price is currently trading slightly lower and even though the RSI and the MACD are fluctuating at a softer pace, the bullish bias is still intact as long as the former holds well above its 50 neutral mark and the latter remains above its red signal line. A rally above the 200-day SMA could stall somewhere between the July high of 76.26 and the 61.8% Fibonacci of 76.60. Breaking that area, the ... (full story)