Ryan_Snow

AUD/JPY Bearish formation

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
I would predict AUD/JPY to go bearish in the relative future, because we see a perpendicular triangle forming in the middle of a downtrend, which would indicate that price will with 1. (blue) break down out of the triangle, or 2. (pink) break up out of the triangle, touch the resistance line, and fall bearish.
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