'Shooting star' formation seen on AUD/JPY , close below 20-DMA to see drag lower.
Techs support downside in the pair, Stochs and are biased lower, line crossover on signal line seen.
Major support levels - 78.98 (session lows), 78.72 (Oct 21 low), 78.37 (cloud top), 78.10 (50-DMA)
Major resistance levels - 79.60 (5-DMA), 80.04 ( 200-DMA ), 80.31 (Oct 26 high)
The pair is currently holding minor support at 78.95, break below to see further drag.
Good to short rallies, target 77.90, stop loss 79.55