- Daily cloud caps upside in AUD/JPY upside, only break above to see further gains.
- The pair has found multiple rejections at cloud base currently at 77.
- Technical indicators on daily charts are inconclusive, but hourlies support downside.
- Major resistance levels - 77.0 (cloud base), 77.30 (20-DMA), 77.79 (50-DMA), 78.15 (cloud top)
- Major support levels - 76.38 (Sept 14 and session lows), 76.10 (Aug 24 low), 75.95 (trendline)
Recommendation: Good to go short on rallies around 76.80, SL: 77, TP: 76.36/ 76.10/ 75.95
