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FxWirePro- Major Pair levels and bias summary 
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On weekly terms, previous upswings exhausted at a stiff resistance of 87.538, break below strong support at 86.320 & 7DMA likely to drag price declines. Shooting star and hanging man occurred at peaks of rallies at 86.102 and 86.799 levels.
AUDJPY bears resume precisely at 50% Fibonacci retracement and 21-EMA with a shooting star formation (see monthly chart), thereby, we could now see the struggle in the consolidated phase that was persistent from last 8-months.
As you could probably make out the upswings on monthly plotting have exactly rejected at 87.533 which is the pivot point on daily charts as well as the level of almost 50% Fibonacci retracement levels on monthly plotting.
Immediate resistance is seen at 86.320 level that is where the leading oscillators (RSI & stochastic curves) are also sensing weakness, historically, these indicators on weekly charts show shrinking momentum at around 66 levels, but if you observe these leading indicator on monthly terms gaining strength in major trend at this juncture (refer monthly plotting).
Expect more dips in short run upon the bearish patterns as stated above.
Trade tips:
Well, contemplating above technical reasoning, on speculative grounds we advise tunnel spreads which are binary versions of the debit put spreads favoring bearish indications.
This strategy is likely to fetch leveraged yields than spot FX and certain yields keeping upper strikes at 86.970 and lower strikes at 85.077 levels.
