• AUD/JPY downside was rejected at lows by 80.88 in Monday's trade, the pair then saw a good bounce to 83.0 levels which is 78.6 % Fib of 90.72 to 80.88 fall.
   
• Out Target Price 1 was acheived (http://www.econotimes.com/FxWirePro-AUD-JPY-extends-recovery-from-multi-year-lows-good-to-buy-dips-140799), partial profits booked.
   
• Upside in the pair was however capped by 5-DMA which is still good resistance on the topside, currently 5-DMA is at 82.44, further upside could be seen on break above.
   
• Recommendation: Hold for further gains to 83.90, raise stops to 81.40