• AUD/JPY recovers from session lows at 79.06, the pair finds strong support at 78.90 (Double bottom - May 27, July 22). Weakness only on break below.
   
• Techs on weekly charts support upside in the pair. Rsisng triangle pattern on daily charts. 
   
• Better-than-expected Japanese trade data, supporting the yen, AUD/JPY pared gains to currently trade around 79.40 levels.
   
• Stiff trendline resistance at 79.95, break above could see test of 80.45 and then 90 levels.
   
• Violation below 50-DMA at 78.46 finds next support at 78.20 (rising trendline). 
   
• Break below could accentuate weakness. We then see scope for test of 77.30.