AUDJPY: 3 Falling Methods: Preparing For Drop Number 2

AUDJPY has come back up towards the highs of the range for a second time and has seemingly been rejected from the range. It is now breaking below trend and has confirmed a 3 Falling Methods at the break of the trend line. This time around I would expect a much deeper move down than the last time perhaps taking us to as low as the 1.618 Fibonacci Extension all the way down at around 30 AUD.
3fallingmethodsaudbojChart Patternsfalling3methodsTechnical IndicatorsjpynichiginTrend Analysis

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