Fundamental: AUD currently holding rate at 1.5%, RBA is quite dovish No strong data from AUD economics recently JPY, on the other, hand have strong funding currency effect and safe heaven effect Decent economic data from JPY has been positive.
Technical: AUDJPY broke strong trendline on both weekly and daily chart AUDJPY also broke down support level The price action shows that it is still a bear market. With bearish engulfing candle followed by small bullish inside bars
Note: Manage trade till hit TP1, if it does beyond TP1 to TP2 reward is very good.