AUD/JPY Price Analysis: Gains capped near key resistance as bearish backdrop persists

• AUD/JPY trades near the 90.30 zone after modest gains on Friday
• Momentum remains weak as indicators lean neutral-to-bearish
• Resistance at 90.86 and bearish pressure from key moving averages limit upside

The AUD/JPY pair posted a mild advance on Friday's session, moving toward the 90.30 zone after notching a gain of over 0.30%. Despite the intraday rise, the overall technical picture remains bearish, with the pair still struggling beneath several key resistance levels and longer-term moving averages.

While price action approached the top of the daily range (88.287-90.516), momentum indicators reveal limited conviction behind the move. The Relative Strength Index (RSI) remains neutral at 42.156, while the MACD continues to flash a sell signal. Similarly, both the Bull Bear Power (-3.748) and Commodity Channel Index (CCI) at -92.800 offer neutral reads, pointing to a potential loss of bullish traction.

Trend-based indicators continue to favor sellers. The 20-day simple moving average (SMA) at 92.780, along with the 100-day SMA at 95.861 and the 200-day SMA at 97.903, all tilt downward. Bearish signals are further confirmed by the 10-day exponential moving average (EMA) at 90.867 and 10-day SMA at 90.985.

Looking ahead, support is seen at 89.341, with resistance levels aligned at 90.867, 90.899, and 90.985. A sustained break above this confluence would be needed to weaken the current bearish bias, though the broader trend remains under pressure.

Daily chart