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  • AUD/JPY has stalled at a critical support line, a likely channel support if it were not for the flash crash a the start of the year.
  • Bulls can target a run to 77.50 as a long term major support level meeting the 50 D EMA.  
  • Daily stochastics are oversold and on the verge of breaking above 20.  
  • Alternative;y, the pair can continue lower within the steep descending channel on a break below 75.30.