AUDJPY bears resume precisely at 50% and 21-EMA with a formation (see monthly chart), thereby, we could now see the struggle in the consolidated phase that was persistent from last 8-months.
As you could probably make out the upswings on monthly plotting have exactly rejected at 87.533 which is the on as well as the level of almost 50% levels on monthly plotting.
Immediate resistance is seen at 86.320 level that is where the leading oscillators ( & curves) are also sensing weakness, historically, these indicators on monthly charts show shrinking momentum at around 63 levels, you observe the leading indicator losing strength in major trend at this juncture (refer monthly plotting).
Expect more dips upon the formation and break below support of 7DMA on dailies.
Well, contemplating above technical reasoning, on speculative grounds we advise tunnel spreads which are binary versions of the debit put spreads favoring indications.
This strategy is likely to fetch leveraged yields than spot FX and certain yields keeping upper strikes at 86.320 and lower strikes at 85.077 levels.