AUD/JPY slides along stiff channel top resistance, downside pauses at 20-DMA support by 78.16.
Break below will accentuate weakness, opens scope for test of 75.60.
Techs are bearish, Stochs and RSI biased lower, MACD is on the verge of a bearish crossover on signal line.
Bearish invalidation only above channel top currently at 80 levels. Test of 81.50 levels then likely.
Good to go short on decisive break below 78.15, SL: 79.20, TP: 77.30/ 77/ 76.50
Break below will accentuate weakness, opens scope for test of 75.60.
Techs are bearish, Stochs and RSI biased lower, MACD is on the verge of a bearish crossover on signal line.
Bearish invalidation only above channel top currently at 80 levels. Test of 81.50 levels then likely.
Good to go short on decisive break below 78.15, SL: 79.20, TP: 77.30/ 77/ 76.50
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