The AUD/JPY hasn't risen significantly over the past few weeks, mainly as the Australian dollar is very weak. Since the middle of April, the price has been forming a triangle that resulted in a further downswing which previously started on April 11. The bears managed to break the 99.30 support which now will be the closest resistance. What is more, they are currently aiming for the next important level at 97.00 which played an important S/R role in February and the beginning of April. If sellers manage to break it, we can expect a continuation of this bearish movement.
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As long as the price stays between the closest S/R levels, it will be better to hold trading and wait for the outcome of the test on the 97 support. If bulls manage to perform an upswing and create a double bottom formation, they will have a chance to break 99.30 and return to the long-term bullish trend.