AUD/JPY Technical Analysis: Trendless pattern around 82.00 sees constrained swing highs

• The previous twenty-four hours saw the Aussie-Yen pairing take a quick run into a fresh peak at 82.56 before slipping back immediately into familiar intraday ranges.

AUD/JPY Chart, 5-Minute

• Going back over the previous two trading weeks, the AUD/JPY has struggled to develop bullish momentum further into the 82.00 region, remaining capped off by a resistance zone from 82.25 to 82.40, while swing lows are steadily marching higher from last week's bottom near 81.20.

AUD/JPY Chart, 30-Minute

• Over the past two months, the Aussie-Yen saw a quick rise from late October's lows near 78.50 to a new topping pattern just shy of the 83.00 handle, and medium-term action is now constrained by successive lower highs as the AUD/JPY coils around 82.00, threatening a lack of directional trend in the mid-term.

AUD/JPY Chart, 4-Hour