AUD/JPY Consolidation in The Downtrend Should Trigger a Bearish Breakout
|The AUD/JPY has formed a sideways consolidation pattern while still capped below W H3 and HTF BB resistance.
Wizz LVL 8 should break and the price then will proceed down. There are multiple bearish signals but the price is still supported. 4h close below 72.03 targets 71.50 and 70.94. Look for a bearish continuation and a possible breakout as long as the pair is capped below 72.50.
The analysis has been done with the CAMMACD.MTF template.
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