For the third time now, AUD/JPY has stalled near 79.70 and is starting to dip. Personally I never trust the third attempt, usually breaks in my experience, but the bears are holding firm for now at least.
Short-term support should be firm near 78.80 and it’s probably fair to assume that there are stops waiting above 79.80 now.
Risk-off Friday in Tokyo is also encouraging the mild sell-off, 20 pips lower in the last hour or so.
