AUD/JPY Is Testing the Resistance at 86.50

AUD/JPY continued moving to the upside after breaking out above the resistance at 85.40 and reached a new high at 86.50 which is a resistance that coincides with the (MA)89 indicator on the daily time-frame. Now the question is whether the pair will also break out above that level because while on one hand it has formed a shooting star candlestick on the daily time-frame on that level,on the weekly time-frame the pair is clearly quite bullish and the spinning top candlesticks at the support at 84.30 are a signal for a likely further move to the upside. 

 If AUD/JPY bounces off from 86.50 there will likely be a new move to the downside towards 85.40. If there is a breakout above the aforementioned resistance though the pair could continue rallying towards 87.00.