AUD/JPY Technical Analysis: Price chipping away towards a test of the 38.2% Fibo, but stochastics are the hurdle

• Following this week's analysis, the start of the week's call and yesterday's call, have so far played out.
• Today, we will have China's trade balance as well as the RBNZ whilst keeping an ear to the ground for trade noise.
• However, from a TA basis, bears still need to break down the 38.2% Fibo and recent lows need to give before price can target the Ichimoku cloud bottom and 4th Jan lows confluence on a test of the 50% Fibo target at 75.80-ish. 
• Stochastics are the hurdle and lean bullish.
• On the upside, the cloud resistance comes in at the collection of the moving averages with 78.00/50 a key area that meets the 23.6% Fibo.

Daily chart