AUD/JPY Price Analysis: Mild rebound continues despite broader bearish technical backdrop

• AUD/JPY trades near the 90.50 zone with modest gains ahead of the Asian session
• Bearish pressure persists as momentum indicators and moving averages remain broadly negative
• Resistance capped near 90.90, while immediate support lies just above 90.20

The AUD/JPY pair edged higher during Monday's session ahead of the Asian open, extending a modest rebound that left it trading around the 90.50 area. While price action climbed within the upper part of the day's range between 89.571 and 90.832, technical indicators continue to reflect a bearish broader picture.

The Relative Strength Index (RSI) prints a neutral 42.576, while the Moving Average Convergence Divergence (MACD) maintains a sell signal. The Stochastic RSI Fast stands at 58.383, and Bull Bear Power at −1.887, both indicating a neutral stance with limited bullish conviction.

Adding weight to the downside risks, all key simple moving averages are aligned to the bearish side: the 20-day at 92.533, the 100-day at 95.758, and the 200-day at 97.813. Shorter-term averages, including the 10-day exponential and simple moving averages at 90.777 and 90.650 respectively, also point downward, reinforcing the lack of sustained bullish momentum.

From a technical level perspective, immediate support is seen at 90.226, followed by stronger footing near the 89.80 area. On the upside, resistance is stacked around 90.65, with further barriers at 90.777 and 90.899 if buyers push for a more convincing recovery.

Daily chart