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- AUD/JPY has been trading a falling channel on the weekly charts.
- Major support is seen around 76.50 to 79.60 zone. Breaks below could see test of 77.60 level.
- Further weakness could see test of channel base at 75 levels.
- On the flipside, 82 is major resistance. Bearish invalidation only above 82.
Recommendation: Good to sell breakout below 79.60, target 77.60
