Bulls and Bears fight it out in the AUDJPY

The AUDJPY is hovering around previous highs at 74.450 but it is not clear yet who will win out between the buyers and the sellers. We are watching now for the potential for price to selloff from 74.450 as the daily action is extended into the zone...a lower high or shoulder will confirm the short thesis. On the opposing side will be for buyers to spike price higher and hold an inside higher low to continue the march higher and the extension up to 76.200.