AUD/JPY has failed to break the key resistance area and has managed to retest back to the trend line that it has been following.
I will be keeping an eye on this pair:
If the price bounces off this trend line i expect the price to buy until the previous high in attempt to once again try and break this area. This is shown by the grey path drawn.
If the price breaks this trend line i expect the pair to sell until it reaches the blue daily trend line. This is shown by the orange path.