On AUDJPY chart we notice that price has set a new high and tested area around psychological resistance level of 87.00. Pair have been moving for a long time in a growth channel and there is a strong advantage of demand over supply. Nearby support is around 85.50 level. This area coincides with lower limit of the growth channel and 50% of the FIBO abolition:
On H1 we can see correction of recent increases. Price is heading towards support 85.50. Confluence for the zone from this time perspective is 61.8% of FIBO abolition and the growth trend line. Bullish candlestick formation will likely lead to continuation of the trend and open the way for further gains.