Hello everyone:
Last JPY pair on my watch is AUDJPY which is also showing signs of bearish reversal development.
After the price has hit the higher time frame highs, no bullish continuations.
Instead, price reverse down with bearish price action on the lower time frames.
Lower low, lower high to push the price down, and finally a strong impulse phase to confirm the downside momentum
Now that price has broke out of the expanding structure and consolidating,
best to look for further sell entry down the the next low to continue the bearish trend.
Thank you