FxWirePro: AUD/JPY holds above 85 handle, finds strong support at 84.75

Technical Analysis: 

• AUD/JPY rejected at highs at 85.91 on Monday's trade.
• Doji formation seen at highs. Pair struggling to hold gains above 20-DMA.
• Momentum studies are bullish, scope for upside seen. RSI strong at 55 levels, Stochs biased higher.
• Pair holds above 85 handle. Decisive break above 20-DMA required for upside traction.
   

TIME       TREND                OB/OS LEVEL

1H          Neutral                    Neutral        
4H          Bearish                   Neutral        
1D          Neutral                    Neutral        
1W         Bullish                    Neutral     

Support levels - 85.13 (5-DMA), 85 (20-DMA), 84.75 (trendline)

Resistance levels - 85.91 (Jan 9th high), 86, 87, 87.14 (Dec 16 high)