AUD/JPY Price Analysis: 80.50 on the cards for upcoming sessions

• AUD/JPY bears look to support near to 80.50 for the day ahead. 
• Bulls need to get back above 80.90 to hold off the pressures. 

The price of AUD/JPY has been forming a bearish engulfing candle in the last hour which would be expected to be followed by bearish price action and a low in the next candles.

AUD/JPY H1 chart

This opens the risk of a downside extension to the test the prior support near to 80.50. 

The 15-min chart sees the price headed for a restest of the prior support that would be expected to act as resistance lead to a move to the downside again, as per the outlook for the hourly chart.