I just realized that the breakout that you have is a false breakout. You have to wait for one more down bar before you can conclude it's bearish. Because of this it's more likely to have a correction into the bar: https://dl.dropboxusercontent.com/u/98363503/Chart%20-%20AUDJPY%20%20%28W2-1%29.png
Thanks... the new chart falls in line with my expectations for USDJPY, and S&P 500. If you look at W1 chart for both they are incredibly bearish (head & shoulders pattern on both). It's highly likely to hit your purple line I think. I'm currently long S&P 500 also until it tests resistance then I'll be selling heavily... I can add AUDJPY thanks to your charts also... thank you!
Basically the AUDJPY is moving like the USDJPY and S&P 500 Index (if you look at the charts they are all correlated, especially the USDJPY and S&P 500 Index).
By the way, your long term chart is one of the best I've seen. Excellent of use of spotting the cycletop/cycle bottom pattern!