POSSIBLE BEARISH BREAKOUT AUD/JPY

13 июн. 2016 г.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.