Based on price action, technicals and confluence, it appears that AUDJPY is continuing its drop long-term. It looks like a Gartley harmonic pattern may be forming but only time will tell. A big move to the downside has been in effect since 2015 and since mid-year 2017, an uptrend has formed which is now being overturn by more bearish momentum as price fails to create new higher highs. If I am correct, we can anticipate the fall towards the target of 75.000 before price begins to transition to a more bullish sentiment as it complets the BC leg and starts to create the CD leg.
Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Always use proper risk management and conduct your own analysis.
Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Always use proper risk management and conduct your own analysis.