FxWirePro: AUD/JPY capped below 5-DMA at 85.75, intraday bias lower

• AUD/JPY has closed last week's trade with a gravestone Doji formation. 
   
• Technical studies have turned slightly bearish, the pair now capped below 5-DMA at 85.74.
   
• RSI and Stochs have rolled over from overbought zone and MACD has shown a bearish crossover.
   
• AUD/JPY is currently struggling to extend downside below 20-DMA currently at 85.17.
   
• Decisive close below will see drag till 81 levels. 
   
• Support levels - 85.16 (20-DMA), 85, 84.65 (Dec 19 low), 84, 83.76 (Dec 5 low), 83.16 (Nov 28 low)
   
• Resistance levels - 85.73 (5-DMA), 86 (Dec 19 high), 87, 87.14 (Dec 16 high)
   

Recommendation: Good to short close below 20-DMA at 85.16, target 84.65/84/83.75. Bearish invalidation above 87.53.
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FxWirePro's Hourly AUD Spot Index was at -122.193 (Highly Bearish), while Hourly JPY Spot Index was at 109.91 (Highly Bullish) at 0400 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.