AUD/JPY Technical Analysis: Bears may aim for 77.45/40 support confluence

• AUD/JPY trades the intra-day low of 78.00 during early Thursday.
• The pair dropped heavily on Wednesday and is weak since today’s start, which in turn shifts bears’ focus on the 77.45/40 support-confluence that comprises a lower line of a six-week long descending trend-channel and February month lows.
• However, 77.90 and 77.60 could offer intermediate halts to the quote’s downside.
• In case prices keep trading southwards past-77.40, 77.00 and 76.00 may please the sellers.
• Meanwhile, 78.40, 78.85 and 79.00 seem nearby resistances ahead of watching 79.30 figure near channel’s upper-line.
• Given the buyer’s ability to cross the 79.30 upside barrier, 79.80 and 80.00 could come back on the chart.

AUD/JPY 4-Hour chart