Actually, much stronger AUD/JPY support just below 89.50
I posted this chart on Twitter a little earlier, and thanks to FXWW303 for the heads-up. (See chart) for the very strong medium-term technical support around 89.30.
There are some who claim that the strongest technical signal of all is the trend-line convergence with the 61.8% retracement.
I think there are all of them combined. Trend line, fibo levels and the previous resistance now support on weekly ( from 90 to 88.50. Fact is the cross has been very well supported around 90 in recent times , so long position against support levels looks as good as it gets from a technical perspective. There is also the matter of AUD reversal.