I am bear-biased on AUDJPY pair due to the bearish engulfing candle of last Thursday, where price was resisted from the COCs at 87.568 level. Price had made a slight correction last week but was rejected strongly when it reached 87.568 level. Therefore I will short it if price can reach 86.98 level for a low risk entry but have to take note that 85.407 can be a strong support. However, once 85.407 is broken, it can easily go down to the consolidation level at 83.544.