AUDJPY falls below essential support

AUDJPY falls below essential support
Sentiment has worsened notably over the previous days; sending JPY crosses and AUDJPY was no exception.
There was no macro news today, but traders focused on rising US yields and the overall sentiment in the stock markets, which was rather negative after yesterday's massive bearish reversal.

At the time of writing, AUDJPY was down more than 0.5%, falling to one-month lows below 82.00.

Worse still, the price has declined below both the 50 and 200-day moving averages, turning immediate to bearish. The following support could be at previous highs at around 81.50, and it might be tested later in the day.

On the other hand, the intraday resistance will likely be at the 50-day average near 82.15 (the purple line), while the significant selling area will surely be at the 200-day average at 82.50 (the green line).

Volatility is expected to be elevated as option expiries in the US usually lead to significant market movements. 
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