AUD/JPY eyes 200-DMA on trendline break, stay short

AUD/JPY extending declines after failing at 100-DMA on March 31st trade.

Break below major trendline at 83.75 has opened scope for test of 200-DMA at 81.75.

Weekly charts highly bearish, RSI and Stochs steeply inclined lower.

Next immediate support is seen 83.16 (Nov 28 low), and immediate resistance is seen at 84.69 (5-DMA).

Good to go short on rallies, SL: 84.50, TP: 83.15/ 82.50/ 82.15/ 81.75

Comment:

TP1 at 83.15 hit.

Price has retraced from lows at 83.14.

Bias lower, book partial profits, hold for downside.

Comment:

AUD/JPY is holding above 200-DMA support at 81.95.

Break below could see test of trendline at 81.50.