#AUDJPY - its in an interesting place. have it on the watch for now.

#AUDJPY - breakout of the channel, if it loses the support at 88.400, it can fall towards it's 40 and 100 pips target

#AUDJPY #Update - fell and hitted its 75 pips target, I still think it has more room to fall further down to at least 87.400 if it loses the support in this area.

#AUDJPY - it fell to the areas I expected, and now I expect it to fall further down to around 86.500.
its a 4H chart so it will take some time and during this time we will see a bit of a correction

I think #AUDJPY is creating a AB=CD formation, so I will enter with a small sell here, and add to it in 3-4 levels as it corrects the wave to the upside. as long as it hasn't break through the decending trend I will keep my orders open. lets see what happens in the next few days.