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  • The AUD/JPY pair extends break of month-long ascending support-line by trading around 77.85 on early Friday.
  • Next on sellers’ radar is the 77.05-77.00 horizontal-support that includes lows of January 07 and 10.
  • Should oversold levels of 14-bar relative strength index (RSI) fails to trigger the U-turn from 77.00, then 76.00, 75.20 and 73.95 are likely consecutive supports to grab market attention.
  • Meanwhile, early month lows near 78.70 may restrict the pair’s immediate upside, breaking which highlights the month’s high of 79.85.
  • During the pair’s successful rise above 79.85, the 80.65-70 region, comprising early December lows, seems crucial to watch for resistance.

AUD/JPY 4-Hour chart