The finger was pointed at that pair on the flash crash yesterday
The AUDJPY was blamed by many for the flash crash yesterday. The price tumbled all the way down to 70.93 from around 76.00. Since then however, the pair has been moving back higher.
Currently, the price is back retesting its 100 hour MA. Looking at the chart above, that 100 hour MA stalled the rise on December 26th and again on December 31 (albeit at higher levels).
The first test is finding the respectful sellers as risk can be defined and limited. On a break, those sellers may turn to buyers and look for the next targets at the 76.60 and then the 200 hour MA at 77.29. Above that there is an old floor at 77.512 from Dec 26 to Dec 31.