Aud/jpy. Give me analysis for today

The AUD/JPY currency pair is showing signs of potential downward movement today. Here's a detailed analysis:

1. **Technical Indicators**: The pair is currently trading below the 97.79 pivot level, which is a bearish signal. The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move.
2. **Market Sentiment**: The sentiment around the pair is bearish, with several analysts indicating a potential for further declines. For example, Patricio Martín has identified a potential for further corrections, and Jarrod Kerr has argued for a 50 basis point easing, which could lead to further downward pressure.
3. **Support and Resistance Levels**: The immediate support level is at 96.50, which could act as a point of interest for buyers looking for a bounce from this level. However, the 14-day RSI suggests that the pair may continue to face downward pressure.
4. **Broader Market Trends**: The AUD is influenced by global economic conditions, while the JPY is considered a safe-haven currency during unstable economic times. This dynamic could lead to the AUD/JPY pair being used as a measuring stick for global economic performance, with the JPY potentially attracting more demand during times of uncertainty.
5. **Recent Performance**: The pair has shown volatility, with recent price movements indicating a potential for range-bound trading. However, the bearish indicators and the failure of the pair to stay above a resistance level suggest a potential for downward pressure.

In conclusion, the AUD/JPY pair is showing signs of potential downward movement today, driven by bearish technical indicators and market sentiment. Traders should exercise caution and consider these factors when making trading decisions.