FxWirePro: AUD/JPY recovers from 1-week low at 77.09, bias lower

• The Japanese yen remains strongly bid across the board amid risk-averse market conditions.
   
• AUD little changed after Reserve Bank of Australia minutes failed to provide any indication of future interest rate moves.
   
• AUD/JPY has broken below major trendline support at 77.50 and hit 7-day low at 77.09.
   
• Intraday bias lower. Technical indicators on daily charts support downside. Momentum studies are bearish.
   
• 50-DMA at 77.95 is stiff resistance on the upside, while 76.50 (double bottom 2,3 Aug) is strong support on the downside.
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Recommendation: Good to sell rallies around 77.25/35, SL: 77.80, TP: 77/ 76.50/ 76.35