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AUDJPY Trading at Support level Of Descending Triangle

OANDA:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY was trading in Descending Triangle pattern and also it is trading near the support line of Descending Triangle pattern. If the price level closes below the support line of descending triangle then we might see further downside in pair. Trader can catch 50 to 100pips of downside by taking short side trade on pair, if it breaks out from the descending triangle pattern.



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Comments

Very interesting, there was a lot of volatility straight after it broke through this triangle. But it seems to be back up now. This is what I believe are the most important levels:
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