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Joe_Keegan

POSSIBLE BEARISH BREAKOUT AUD/JPY

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Australiensisk dollar/Japansk yen (FX:AUDJPY)  
Joe_Keegan  
FX:AUDJPY   Australiensisk dollar/Japansk yen
AUDJPY audjpyshort range rangebound breakout breakout Bearish Patterns continutation
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audjpy audjpyshort range rangebound breakout breakout bearish continutation
After being range bound for a while now AUD/JPY finally looks like it is preparing to make a break. I am favouring a downside break for this pair to 75.848 and possibly beyond. i will be waiting for a breakout, retest and continuation to enter into this one which looks like it could offer a nice risk reward as well. If this market was to turn on its head and break the other way i would expect a move up to 82.993 however at this point in time I am heavily favouring a downside break.
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