AUD/JPY Price Analysis: Bulls in charge from the get-go, bears look to weekly target

• AUD/JPY bulls clinch an early bid to the start of the week.
• Swing traders focus on the downside from the resistance area. 

As per the analysis from the start of this week's, The Watch List: Gold, USD/JPY, AUD/USD, EUR crosses and many more, AUD/JPY, as expected, has run to the target for a 1:2 risk to reward return.

Prior analysis, hourly and 15-min charts

Live market, target achieved

Meanwhile, looking forward, the price is testing a resistance zone on the monthly chart and a correction of sorts would be expected at this juncture:

There is some way to go on the monthly to structure, but the weekly offers a critical support level at 80.92 which meets a 61.8% Fibo:

On the way there, there are a couple of layers of daily structure to clear:

 The charts can be monitored from a 4-hour perspective for bearish conditions and an optimal entry to the weekly target.