AUD/JPY Price Analysis: Bearish momentum continues as pair trades near 90.00 zone ahead of Asia

• AUD/JPY trades near the 90.00 zone after slipping ahead of the Asian session
• Bearish momentum reinforced by a sell signal from MACD and downward pressure from key moving averages
• Support rests in the 88.00s, while resistance emerges around the 91.00 area

The AUD/JPY pair extended its downside during Thursday's session, retreating toward the 90.00 area as bearish sentiment continues to weigh on the pair. Price action is unfolding within a range defined by 88.914 and 91.110, with sellers maintaining control as the session heads into Asia.

Technical indicators largely confirm the prevailing downside pressure. The Relative Strength Index (RSI) prints at 40.228, indicating neutral momentum, while the Moving Average Convergence Divergence (MACD) issues a clear sell signal. Complementing this outlook, the 10-period Momentum at -5.120 also flashes a bearish bias, although the Awesome Oscillator remains neutral at -4.170.

From a moving averages standpoint, the 20-day SMA at 92.968, the 100-day SMA at 95.969, and the 200-day SMA at 97.994 all point downward, reinforcing the longer-term bearish structure. Shorter-term indicators also follow suit, with the 10-day EMA at 90.990 and 10-day SMA at 91.380 both signaling sell.

Daily chart