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AUDJPY is facing bearish pressure from 1st resistance !

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
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FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns aud jpy AUDJPY forexsignals
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trendanalysis harmonicpatterns chartpattern aud jpy audjpy forexsignals
AUDJPY is trending in a triangular squeeze and is facing bearish pressure from our first resistance, in line with the 78% fib retracement , where we could see a further drop towards 1st support. Stochastics is also showing increasing bearish pressure for AUDJPY. If price goes lower and breaks the ascending trendline, this could be another confirmation that AUDJPY will break out to the downside!
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