AUD/JPY showing strong downside after M Formation ti 88.35 Yen

M Formation formed over the last few weeks.
Price has broken below the neckline showing downside to come.
200 >21>7
Price<200
RSI<50
Target 88.35 Yen

Interesting Facts
Australia is a major exporter of natural resources such as iron ore and coal, which are in high demand in Japan, a country with limited natural resources.

Japan is the largest foreign investor in Australia, with Japanese companies having a significant presence in industries such as automotive, electronics, and mining.

The AUD/JPY is often influenced by factors such as interest rate differentials between Australia and Japan, commodity prices, and economic indicators such as GDP growth and inflation.

The AUD/JPY has a high correlation with other commodity-linked currencies such as the Canadian dollar (CAD) and New Zealand dollar (NZD).