FX:AUDJPY   Australian Dollar / Japanese Yen
Price just broke out of a month-long channel up, and we expect price to move back towards a recent resistance point before heading further down. This would also form a head and shoulder pattern, strengthening the selling signal. If we see price move in this way, I expect price to continue down pretty far to previous levels.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.