Since breaking lower on the 5th of this month, AUD/JPY has been below its 15-day MA. The 50% retracement of the second leg fall from 84.50 to 81.90 comes in at the same level which is at 78.15 and that, along with Fridays’ high of 78.00, should pose some serious resistance for the pair. A clean break above should lead to an acceleration in momentum and target levels around the psychologically important 80.00.