The AUD/JPY has been in consolidation in the medium-term, for the past month after making a low on the year at 89.15 on July 8. At the end of July, a bearish attempt failed to break this low, and instead rebounded from 89.33 as we can see in the 4H chart. AUD/JPY 4H Chart 8/1(click to enlarge) The 4H chart shows that after a rebound to 92.70, AUD/JPY is again in a bearish attempt. We are see price action anchor lower after a couple rounds of choppy price action (in the circles). Here are the bearish technical signs so far:1) Bearish candles are strong since 92.70. 2) Price is now below the 200-, 100-, and 50-period simple moving averages (SMAs).3) The 4H RSI is clearing below 40, showing loss of the prevailing bullish momentum from earlier in August. A break below 90.50 would be a clear break of the rising trendline in the 4H chart, and would be an additional bearish signal. This would put the 89.15-89.33 area in sight, with risk of pushing at least to 89 and possibly lower with the 88.24 2014-low in sight. A break above 91.50 on the other hand would signal further bullish correction in the short to medium-term.