AUD/JPY has struggled at the 102.90-00 region since the pullback from above 105. The rising trend line dating back to Nov 2012 lows comes in above the 98.72 Apr 15 low and i would be looking for a close below there to confirm a break of the trend line. I expect to see some support in the 99.90-00 region on the way down but a close below the 21-DMA today would be of concern and i think further supports a test of the rising daily trend line. We probably need to see the pair close back above the 101.50 level today to provide some hope of further tests of the 102.90-00 region but i do not expect this to happen.
